The Energy Department's weekly inventory report is due out at 9:30 a.m. CDT Wednesday, the only significant report of the day. Traders will keep watch over South American weather forecasts and trading may be quiet Wednesday, ahead of three USDA reports on Thursday.
Weather
A big storm system is leaving the U.S. as it heads toward Hudson Bay. The cold front to the storm will bring showers to the East Coast, however. A few showers will go through the Southern Plains Wednesday as well. Cold air has built into the Plains which may be harming wheat in the southwest. The next system is moving into the Pacific Northwest as the pattern remains active.