EIA Petroleum Status Report including weekly ethanol production at 9:30 a.m. CDT
FOMC May Meeting followed by Fed Chair Powell Press Conference at 1 p.m. CDT
Weather
An upper-level cutoff low-pressure system continues to slowly meander its way eastward through the Southern Plains on Wednesday. When combined with a weak front across the Midwest, it will produce widespread showers and thunderstorms across the southern tier of the country. Some limited severe weather will be possible closer to the Gulf, but is generally not expected. Some areas of heavy rain may still occur as well.