Markets
Grain traders' first priority will be examining updated weather forecasts. After that, ADP gives an estimate of private sector job changes for June at 7:15 a.m. CDT Wednesday, followed by ISM's index of U.S. manufacturing at 9 a.m. The U.S. Energy Department's weekly report of U.S. energy inventories, including ethanol is at 9:30 a.m. At 1 p.m. CDT, the Federal Reserve releases minutes from it's most recent meeting, offering clues about the economy.
Weather
Wednesday features shower and thunderstorm activity from the northeastern Plains to the southern Midwest. Areas to the east and west of the rain corridor will be dry with concern for crop moisture ahead of corn pollination. Stressful heat is also in store for the southern Plains. Hot and dry conditions will favor wheat harvest.
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