After Tuesday's bearish closes, traders will remain fixated on anything weather-related for South America will continue to watch for private estimates of Brazil's soybean production, ahead of next week's updates from Conab and USDA. International indices of manufacturing will roll in overnight from various countries, followed by a manufacturing index for the U.S. at 9 a.m. The Energy Department's weekly inventory report will be out Thursday, due to this week's holiday schedule.
Weather
A small disturbance moving along the Gulf Coast will make for some significant showers for Wednesday, easing drought in the southern Delta a little bit. A larger storm system is moving through the Western U.S. that will create a bigger storm for the southern tier of the country starting on Thursday. Light snow will also move through the Great Lakes.