The U.S. Energy Department's weekly inventory report will be out at 9:30 a.m. CDT, including ethanol production. The Federal Reserve's Beige Book will follow at 1 p.m. Traders will continue to monitor the latest weather events around the world as the northern Hemisphere gradually shakes off a long winter season.
Weather
A multi-pronged system is moving into the Plains Wednesday and will be setting up conditions that favor increasing showers and thunderstorms across the middle of the country throughout the day, including some severe thunderstorms for the eastern Plains into Iowa. Across the north, it is cold enough for areas of snow in Montana, North Dakota and across the border into Saskatchewan and Manitoba, where snowfall is likely to be heavy. Winds continue to be breezy across the Plains, which is unfavorable for crops in drought, mainly wheat.