Traders will be paying attention as Federal Reserve Chairman Jerome Powell speaks to Congress Wednesday and to the Senate Thursday, interested in any comments about the future of interest rates. The Environmental Protection Agency is expected to release renewable volume obligations sometime Wednesday, as rumored numbers began circulating Tuesday. Traders will stay close to the latest weather forecasts and consider Tuesday afternoon's lower crop ratings for corn, soybeans and spring wheat.
Weather
A system continues to spin in the Southeast on Wednesday, which will continue to produce scattered showers and thunderstorms. A front in the Plains will be active as well. Between the two, hot and dry conditions will pressure remaining soil moisture.