What We Are Watching

Markets

Reports for Wednesday include the release of U.S. trade data for August by the Census Bureau at 7:30 a.m. CST, which will update on exports of U.S. crops as well as products such as biodiesel, ethanol, and distillers' grains. At 9:30 a.m. CST, the EIA will release their weekly Petroleum Status report, which will include last week's average ethanol production. Later in the afternoon at 1 p.m. CST, the minutes of the FOMC's October meeting will be released, giving investors a look into the current mindset of the Federal Reserve ahead of the next interest rate decision.

Weather

A small system is moving through the Canadian Prairies and Northern Plains on Wednesday morning with some showers. But the bigger story is a system in the Four Corners area that will move into the southern half of the Plains Wednesday, generating widespread showers and some areas of thunderstorms. A few severe thunderstorms will be possible across Texas and eastern Oklahoma along with some heavy rain.

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