At 7:30 a.m. CST Wednesday, the U.S. Labor Department will have a report on third-quarter U.S. productivity, followed by the Energy Department's weekly inventory report, including ethanol production. Traders will continue to monitor the latest weather forecasts, especially for Argentina where drought concerns lifted Tuesday's soybean prices. Traders will also watch for possible export sales announcements at 8 a.m. CST, after USDA reported 18.5 million bushels of U.S. soybeans sold Tuesday.
Weather
Remnants of a front across the Tennessee Valley will continue to produce scattered showers Wednesday. A disturbance across the north will provide scattered snow showers. Scattered showers will continue to develop across the Southern Plains and Mississippi Delta today and tonight. Temperatures will be below normal across the Northern Plains and northern Upper Midwest with near-normal temperatures across the Central Plains and southern Upper Midwest. Temperatures will remain well above normal across the South.