The U.S. Department of Labor's consumer price index for June is due out at 7:30 a.m. CDT Wednesday, followed by the Energy Department's weekly inventory report at 9:30 a.m. USDA's WASDE report and the Crop Production report from NASS are both out at 11 a.m., followed by DTN's report webinar at 12:30 p.m. The Federal Reserve's Beige Book will be released at 1 p.m.
Weather
Scattered showers and thunderstorms will continue to develop across southern and Eastern areas of the Corn Belt Wednesday, with some of the strongest storms expected across southern Iowa, eastern Kansas, western Indiana, and most of Illinois and Missouri. A thunderstorm complex may form across Missouri Wednesday evening and lead to a threat of strong to severe wind gusts up to 75 mph.