Storm Expected News Today

Wheat Futures Lower Overnight; Investors Raise Bearish Bets Across the Board

Forecasters are monitoring a major storm expected to form in the middle of the country's midsection next week. Some areas may see snow, while others are likely to face an outbreak of severe weather, according to meteorologists.

AccuWeather RealFeel Temperatures will plummet well below zero this week as a result of multiple blasts of cold air moving across the Midwest and Eastern Seaboard. Following this past weekend's massive snowstorm, the Midwest and a greater portion of the East are expecting a brutally cold blast of Arctic air this week.

This New Year's storm may cause more severe thunderstorms and tornadoes in the South, spreading a snowy mess from the Rockies and Plains to the Midwest and Northeast of the United States. The first half of this week will see a mix of snow, rain, and thunderstorms across the Northern Plains, Upper Midwest, and Northeast, as well as soaking rain and thunderstorms in the South.

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2. Ethanol Production Rises to Highest Level in Almost a Month Ethanol output in the U.S. rose to the highest level in a month in the seven days that ended on January 15, while stockpiles were down slightly week-to-week, according to the Energy Information Administration. Production of the biofuel increased to an average of 945,000 barrels a day last week, the EIA said in a report. The total is up from the 941,000 barrels a day, on average, produced the previous week and the most since the w...