A report on U.S. new home sales in September is due out at 9 a.m. CDT Wednesday, followed by the Energy Department's weekly inventory report at 9:30 a.m., including ethanol production. The Bank of Canada is expected to increase its interest rate by 0.75% to 4.0% Wednesday, followed by a rate hike in Europe on Thursday. Traders will continue to watch the latest weather forecasts and news from abroad, especially Ukraine.
Weather
As a storm system finally pushes east on Wednesday, quieter weather conditions are expected for most areas east of the Rockies. To the west, a system continues to move through the Rockies, setting up another storm for the late-week period across southern areas.