The latest weather forecasts continue to get top attention from grain traders with increased rain chances expected next week. A report on May U.S. housing starts is due out at 7:30 a.m. CDT Wednesday, followed by the Energy Department's weekly report of energy inventories, including ethanol production at 9:30 a.m. The Federal Reserve concludes a two-day meeting Wednesday and offers its announcement at 1 p.m. CDT.
Weather
A frontal boundary moving through the Northern Plains will spark some isolated showers and thunderstorms there and into Minnesota Wednesday. A few isolated showers will be possible in the Plains, but heat and dryness should benefit winter wheat harvest.