Markets
Here in mid-July, the latest weather forecast is the first item checked by traders. The Federal Reserve reports on industrial production at 7:15 a.m. CDT, followed by the U.S. Energy Department's inventory report at 9:30 a.m. The National Oilseeds Processors Association releases a report on the June soybean crush later Wednesday morning.
Weather
Moderate to locally heavy rain is in store from the central Plains through the western and north central Midwest Wednesday. This moisture will be useful for pollinating corn and flowering soybeans. Temperatures will be seasonally warm north and central and hot south, notably in the dry southwestern Plains.
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