The U.S. Labor Department releases the producer price index for September at 7:30 a.m. CDT Wednesday, one day ahead of the consumer price index. Minutes from the Federal Reserve's meeting in September will become public at 2 p.m. Traders will continue to keep an eye on events in Israel and in Ukraine, as well as the latest weather forecasts. Grain markets may be quiet ahead of Thursday's USDA reports.
Weather
A storm system will be moving out of the West and into the Plains throughout the day Wednesday. Areas of thunderstorms have already started up in northern Missouri and will spread both west through Nebraska and east through the Midwest throughout the day and especially tonight. Winds will also be a bit breezy in the Plains.