There are no government economic reports on Wednesday, but several speeches by Federal Reserve presidents are scheduled so we could get some ideas on interest rates. Traders will be watching for the EIA's latest ethanol numbers and any new export sales announced at 8 am.
Weather
A cold front is losing its punch as it moves southeast through the Ohio and Tennessee Valleys on Wednesday. Scattered showers should develop, but more gaps in the precipitation are expected. Still, some areas of heavy rain there and through the Southeast are possible Wednesday. Another front will be moving into the Northern Plains as a system moves through the Canadian Prairies as well. Additional showers and thunderstorms are also forecast there.