The Energy Department's weekly inventory report is set for 9:30 a.m. CDT Wednesday and includes ethanol production. The Federal Reserve's Beige Book follows at 1 p.m. USDA's Livestock, Dairy and Poultry Outlook will be out at 2 p.m. Traders remain wary about possible retaliation from Israel after Iran's attack over the weekend.
Weather
A system that has brought some heavy rain to the western half of the Corn Belt this week will see showers being less widespread as it moves through the Great Lakes on Wednesday. However, some areas of heavy rain and severe thunderstorms are still possible. Behind it, a stronger cold front will be moving through the Northern Plains. It may not have a lot of showers until it reaches Nebraska Wednesday night, but it will be bringing through a burst of colder air that will spread out through the country.