A report on U.S. housing starts for June will be out at 7:30 a.m. CDT Wednesday, followed by the Energy Department's weekly energy inventories at 9:30 a.m. Traders continue to pay close attention to the latest weather developments in a summer of volatile pricing for corn and soybeans. Events in Ukraine are also getting attention as summer fighting escalates.
Weather
A front across the Tennessee Valley and a system moving through the Upper Midwest are producing areas of showers and thunderstorms for Wednesday, under mainly mild temperatures for the Corn Belt. Some stronger storms may be possible from Nebraska into Minnesota and Wisconsin. Heat continues to be in place across the Southern Plains and across the Southeast.