A report on U.S. durable goods orders in July is due out at 7:30 a.m. CDT Wednesday, followed by the Energy Department's weekly inventory report at 9:30 a.m. Traders will keep an eye on the latest weather forecasts and pause at 8 a.m. to see if USDA has another export sale announcement.
Weather
A frontal boundary across the Corn Belt will remain active on Wednesday and could contain more severe weather due to the high heat and humidity south of the front. The heat is likely to be stressful where showers do not occur, but most areas south of the front have adequate soil moisture for filling crops with some exceptions, mainly in the Plains.