On Wednesday, the EIA will release the weekly Petroleum Status report at 9:30 a.m. CDT, including last week's ethanol production. In the afternoon, the FOMC will announce their interest rate decision and Fed Chair Jerome Powell will speak afterwards, at 1:30 p.m. CDT.
Weather
A weaker system is moving across the Ohio Valley Wednesday morning, with scattered showers and a few thunderstorms. That system will move through the East later Wednesday. The cold front to the system is settling down into Texas and Gulf Coast, where periods of showers and thunderstorms will continue as well. Colder air across the North has produced pockets of frost in parts of the Plains again Wednesday morning.