A report on U.S. retail sales in May is set for Wednesday at 7:30 a.m. CDT. The U.S. Energy Department releases its weekly report of energy inventories, including ethanol production at 9:30 a.m. The latest weather forecasts remain important to traders and everyone is leery of outside market influences with the Federal Reserve's announcement and expected rate hike due out at 1 p.m. CDT Wednesday.
Weather
A front moving across the North-Central U.S. continues to produce areas of showers and thunderstorms. On Wednesday, storms will be concentrated in the Upper Midwest and may be strong to severe from Iowa into Wisconsin and adjacent areas of Minnesota and Illinois. All hazards will be possible and some significant damage may be possible. Additional thunderstorms will pop up in the Southeast later today with a threat for severe weather as well. Heat continues south and east of the front, hastening crop growth. Behind the front, temperatures are much cooler but winds are picking up and will be breezy across the Northern Plains.