On Wednesday, the EIA will release the Petroleum Status Report at 9:30 a.m. CDT, including last week's ethanol production. No other major reports are scheduled, and traders will continue to monitor planting and growing season weather along with the ongoing conflict in the Middle East.
Weather
A slow-moving cold front is anchoring over Texas and pushing through the Ohio Valley on Wednesday. Batches of showers and thunderstorms will form along and near it throughout the day. Areas across the Southeast may pick up some good rainfall as well. In addition, a pair of disturbances are coming together in the Plains, which will produce batches of showers and some thunderstorms there as well.