Markets
On Wednesday, the EIA will release the weekly Petroleum Status report at 9:30 a.m. CDT, including last week’s ethanol production. There are no other major reports scheduled. Traders will as always watch U.S. weather as well as the situation in the Middle East as fighting has again escalated through this week.
Weather
A system that has been spinning around the Northern Plains and Canadian Prairies is finally starting to push eastward on Wednesday, but will continue scattered showers and thunderstorms in the region throughout the day. Showers extend down through the Plains as well, producing some much-needed rainfall in some very dry areas of the country.
DTN Markets Commentary
DTN Grain Comments
Corn, Soybean, Wheat Futures All Lower at Midday Wednesday
Grain and Soy Markets Firmer Wednesday, Led by Bean Oil Again
Fund Liquidating, Crop Weather Pressure Row-Crop Prices
Row-Crop Futures Fall as Seasonal Selloff Continues