The private firm, ADP, reports on U.S. private sector job growth Wednesday at 7:15 a.m. CDT, an early hint of Friday's June unemployment report. The U.S. Department of Energy releases its weekly energy inventories at 9:30 a.m., followed by USDA's Acreage and June 1 Grain Stocks reports at 11 a.m. CDT. Grain traders will give USDA's reports plenty of attention, but will also be keeping an eye on the latest weather forecasts.
Weather
More showers are expected along a frontal boundary that is starting to shift around the Plains and Midwest Wednesday. The pivot point of this front around Missouri, which has seen flooding rains since the weekend, will have the best chance for seeing flooding today. More scattered showers are expected south and east of the front as well, which may continue to delay winter wheat harvest. Dryness north of the front will stress developing row crops in the Northern Plains while heat continues to bake the Pacific Northwest and Canadian Prairies.