A report of U.S. durable goods orders in March will be watched at 7:30 a.m. CDT Wednesday as the market is wary of a possible slowdown in the economy. The U.S. Energy Department will have its weekly inventory report at 9:30 a.m., including ethanol production. As usual, the latest weather forecasts will also be of interest.
Weather
A storm system has been and continues to produce heavier rainfall in the Southern Plains on Wednesday. The rain does come with a risk of severe storms, mostly across parts of central Texas, but the heavy rain should reduce the impacts of the deep drought that have gripped the region. Still, one storm will not eliminate drought. Other showers will move across the Northern Plains and Canadian Prairies throughout the day as well. Cold temperatures remain in place with frosts this morning and another day of risk tomorrow across the eastern Midwest.