The U.S. Labor Department's consumer price index for March is due out at 7:30 a.m. CDT Wednesday, followed by the Energy Department's weekly report of energy inventories, including ethanol production at 9:30 a.m. At 1 p.m., the Federal Reserve will have minutes from the latest FOMC meeting and the U.S. Treasury will report on the federal budget for March.
Weather
A pair of systems are entrenching on the country Wednesday. One over the Gulf of Mexico will start to bring showers northward into the coast for the next couple of days. Another is moving into the West and Canadian Prairies where showers will expand into the Northern Plains. That includes some snow in spots. Breezy winds across the Plains and Midwest are a risk for spreading wildfires, though the warmth continues to be a boon for fieldwork and early planting. The snowpack across the north has taken a major hit and flooding is starting up.