The U.S. Energy Department's weekly inventory report, including ethanol production will be out at 9:30 a.m. CST, followed by USDA's WASDE and Crop Production reports at 11 a.m. Traders will pay attention to this week's weather forecasts with significant temperature changes expected through the week. Outside markets also remain a frequent concern.
Weather
A sharp cold front is draped over the North-Central U.S. Wednesday morning where scattered showers are building up ahead of a system that is pushing through the Intermountain West. That system will emerge into the Plains Wednesday night and increase precipitation over northern areas, turning a lot of it over to heavy snow in the Dakotas by Thursday morning. Strong winds will accompany the system as well. Tropical Storm Nicole is headed toward Florida with landfall Wednesday night or early Thursday morning, possibly as a hurricane. Regardless, heavy rain will move into Florida that is still trying to recover from Hurricane Ian in late September.