Markets
At 7:15 a.m. CDT, ADP employment figures will offer a clue to Friday's report on U.S. unemployment and be followed by the Employment Cost Index at 7:30 a.m. The U.S. Energy Department will update weekly energy inventories at 9:30 a.m., including ethanol. At 1 p.m. CDT, the Federal Reserve will announce its decision on interest rates with many expecting a quarter-percent reduction.
Weather
Dry conditions will dominate the crop weather scene Wednesday. Conditions will again be cool for the season in the Midwest, and warm to hot in the western and Southern Plains through the Delta and Southeast. The only notable precipitation will be a swath of thunderstorms in portions of the western Midwest. Crop progress remains a month behind average due to the wet spring season-related late planting.
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