Traders will again focus on South American weather, and at 10 a.m. CST, the EIA will be out with their Weekly Petroleum report which will detail weekly ethanol production and stocks. There will be no government economic reports following Tuesday's higher than expected Consumer Price Index data.
Weather
A band of moderate to heavy snow will develop across South Dakota, Minnesota, and Wisconsin Wednesday and parts of west-central Minnesota and east-central South Dakota could see up to eight inches of snow. Cooler temperatures are expected behind this system.