A federal court denied Archer Daniels Midland's fourth motion to exclude an expert witness in a class-action lawsuit alleging the company manipulated ethanol prices at Illinois' Argo terminal.
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DTN Oil Update
PostedCrude futures retreated to mid-$90 bbl levels Wednesday and product prices tumbled too, driven by a two-week ceasefire announced over the Iran war.
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Farm Life
A new collection of realistic coloring books deliver fresh-from-the-farm details.
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What DTN Is Watching
The EIA will release their weekly Petroleum Status report Wednesday morning at 9:30 a.m. CDT, including last week's average ethanol production. It will otherwise be an uneventful day for reports, with markets likely to remain tuned into weather forecasts and geopolitical updates.
WeatherA system is moving along the Canadian border on Wednesday, bringing some moderate snow to the Canadian Prairies and scattered showers across the North-Central U.S. Some breezy winds are circling around the system as well. Though some isolated showers may develop over Texas, the rest of the country is likely to be dry with increasing temperatures.
Highs: 20s/40s Canadian Prairies; 30s/50s Northern Plains; 50s/60s Pacific Northwest; 50s/70s Midwest; 60s/70s Central Plains, Southeast; 70s/80s Southern Plains, Delta.
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