Traders continue to watch the weather forecasts, especially for South America, while Brazil's soybeans are being harvested and corn is being planted. News also remains a concern from Ukraine, Israel and the Red Sea. At 1 p.m. CST, the Federal Reserve will release minutes from the January Open Market Committee meeting.
Weather
A storm system that has been bringing widespread showers to the West the past couple of days will move into the Southern Plains Wednesday night then head east through the Ohio Valley for Thursday. As the system leaves, scattered showers will develop from the Central Plains into the southern Midwest, being light, but becoming heavier in the Ohio Valley for Thursday. It continues to be warm both ahead of and behind this system, making it all rain.