A report on U.S. new home sales in September will be out at 9:00 a.m. CDT, followed by the U.S. Energy Department's weekly report of energy inventories at 9:30 a.m. At 2 p.m., USDA releases its monthly cold storage report. Also, the Bank of Canada is expected to hold rates steady at 5% Wednesday. Traders continue to have interest in South American weather reports.
Weather
Active weather continues Wednesday with widespread areas of showers from the Plains into the Midwest due to several features and disturbances in the area. Cold air is filling into the Northern Plains, leading to heavy snow across Montana and North Dakota throughout Wednesday, continuing into Thursday. Some windy spots are possible as well. Heavy rain in parts of the Southern Plains may lead to flooding.