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What DTN Is Watching

An index of pending U.S. homes sales in August is due out at 9 a.m. CDT Wednesday, followed by the Energy Department's weekly inventory report at 9:30 a.m. More Federal Reserve officials will also be speaking at public appearances and are apt to get attention. Traders will continue to watch Hurricane Ian and the latest weather forecasts and are still nervous about the direction of outside markets.

Weather

Hurricane Ian, a powerful Category 4 storm, is set to move into west-central Florida during the day Wednesday and Wednesday night. In addition to the strong winds from the storm center, the hurricane will be producing heavy, flooding rains as well. Colder air has settled into the Midwest and frosts are occurring in the Upper Midwest states Wednesday morning. Some very isolated lake-induced showers may continue in a couple of spots on the southern end of the Great Lakes, but most areas will remain dry with good harvest conditions continuing.

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