The EIA will release the weekly Petroleum Status report on Wednesday morning at 9:30 a.m. CDT, including ethanol production for last week. Other reports for the day include the USDA Annual Livestock Slaughter summary at 2 p.m. CDT. Traders will continue to be in tune to developments in the Middle East and also to weather across the U.S. as spring planting advances.
Weather
Some spotty showers are found in Texas, Louisiana, and in the Midwest on Wednesday. A larger system will move through the Northern Plains and into the Canadian Prairies where it will sit into the weekend. Along with scattered showers across the North, which includes areas of heavy snow, the system will produce breezy winds in the Plains that may increase the wildfire threat.