The latest weather forecasts remain the main attention for grain traders. The U.S. Energy Department's weekly inventories report is due out at 9:30 a.m. CDT Wednesday. The Federal Reserve's two-day meeting will likely keep the federal funds target unchanged and concludes with an announcement at 1 p.m. CDT. The Wheat Quality Council's spring wheat tour moves to day two after estimating a yield of 29.5 bushels an acre on day one.
Weather
Hot temperatures continue for another day but a cold front moving through the Northern Plains and Upper Midwest will send temperatures down closer to normal Thursday. This front will also produce some strong to severe thunderstorms across the Upper Midwest that could be damaging.