The first revision of Q4 U.S. GDP is set for 7:30 a.m. CST Wednesday. The Energy Department's weekly inventory report follows at 9:30 a.m. and includes weekly ethanol production. Traders remain interested in South American weather and any surprise that may pop up.
Weather
A strong cold front continues its trek across the U.S. on Wednesday, moving through the East Coast by Wednesday evening. Areas of showers and thunderstorms follow the front, and some snow will mix in as well. Temperatures are dropping rapidly behind the front and have become very cold across the Plains and Upper Midwest after the frontal passage Tuesday. Strong winds continue to follow the front as well. Even though it is cold behind the front, it will not last long, rising in the Northern Plains Wednesday afternoon and elsewhere Thursday and Friday.