Markets
In addition to the latest weather forecasts and any trade news that emerges, traders will notice several reports Wednesday. The U.S. Labor Department issues its consumer price index at 7:30 a.m. CDT. The U.S. Energy Department has its weekly energy inventory report at 9:30 a.m., including ethanol. USDA's WASDE and Crop Production reports are due out at 11 a.m. CDT. The U.S. Treasury updates the federal budget at 1 p.m.
Weather
Showers and thunderstorms will cross the Northern and central Plains and western Midwest along with the Delta Wednesday. Rainfall totals will be light to moderate. In addition, some of the activity in northern areas could reach severe storm levels. Dry conditions will be in place elsewhere with stressful heat in the Southern Plains and high fire potential in the northwestern Plains.
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