A report on U.S. new home sales in July is set for 9:00 a.m. CDT Wednesday, followed by the U.S. Energy Department's weekly energy inventories at 9:30 a.m. USDA's monthly cold storage report is due out at 2 p.m. Traders will continue to keep close watch over the latest weather forecasts and news regarding Ukraine.
Weather
A dome of heat continues to bake the middle of the country with records likely to be broken again today. The remnants of Tropical Storm Harold will continue through the Rio Grande Valley and into the Four Corners area today and across the north, a front may be active with showers, especially for the eastern Great Lakes. Otherwise, the heat comes with complete dryness as soil moisture continues to rapidly evaporate.