Outside markets will be interested in the Labor Department's 7:30 a.m. CDT report on U.S. producer prices Wednesday, followed by minutes from the latest Federal Reserve meeting at 1 p.m. Grain traders are anticipating USDA's next WASDE and Crop Production reports, both due out at 11 a.m. CDT with updates on row crop harvest estimates and USDA's views on several other hot topics. Weather also remains a prime area of interest with rain needed in many areas.
Weather
A strong cold front is moving through the middle of the country early Wednesday and producing a broken line of showers from northern Oklahoma into Wisconsin. Additional showers are forming ahead of the front from Alabama up to the Great Lakes. The front will continue to sweep southeast throughout the day with light to moderate rainfall. Some thunderstorms could be stronger in the Delta region Wednesday afternoon. A secondary front moving just behind this first one by about 12 to 18 hours is making for more isolated showers across the Western Corn Belt. Breezy conditions behind this front continue to create an increased fire risk, but it will generally be breezy most places today.