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Germany's states; Saxony, Brandenburg, Hesse, Bavaria, North Rhine Westphalia and Baden Wuerttemberg all released their monthly inflation rates showing continued deflationary pressures, though there is some inflationary pricing in the core, particularly in Saxony to bring a smile to the ECB.

Natural gas futures fell ahead of the EIA report of a bigger than expected draw of -28 Bcf in natural gas storage last week. Ahead we focus on cold weather, LNG and Mexican exports and the winter outlook for the US.

EIA reported another build in crude storage, that's ten out of eleven week's in builds. Crude oil inventories grew +1572k bbls the government agency said. Gasoline grew, while Distillate drew last week. Cushing fell just -97k bbls. US production ht a new record high with 12.90 mbpd.

Iconic farming, forestry and construction equipment maker Deere beat third quarter earnings reported before the open Wedneday but $DE also cut guidance citing global risks, higher US dollar and higher raw materials and freight costs fueling higher expenses and uncertainty.

The ratings agency S&P isued a note saying the major fiscal stimulus in Australia flagged by the Australian federal government.could place the countries AAA rating under pressure

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