We will have housing starts and the Federal Open Market Committee minutes out after the close. Trade will also be watching for updated Corn Belt weather forecasts and more soybean purchases by China.
Weather
Scattered showers will continue across the south Wednesday. Moderate to heavy rain is also moving through the eastern Midwest in association with the remnants of Fred. Hot and humid weather will continue to be the theme for the Western Corn Belt for another day while a storm that will bring relief builds in the Rockies. The heat will continue to negatively impact filling corn and soybeans where drought exists.