The U.S. Energy Department's weekly inventory report is set for 9:30 a.m. CDT, including ethanol production. Traders continue to keep a close watch on weather and the latest forecasts ahead of Friday's Acreage and Grain Stocks reports from USDA.
Weather
A few weak disturbances will be moving through the Corn Belt on Wednesday with areas of scattered showers and thunderstorms. Some severe weather will be possible, mostly centered on Wisconsin, though we may see that threat expand elsewhere in the region. Heat that had been over Texas early this week will expand up into Kansas and the Ozarks Wednesday and farther north and east the rest of the week with triple-digit readings for a few days.