The U.S. Commerce Department will have an update of second-quarter U.S. GDP at 7:30 a.m., followed by the U.S. Energy Department's weekly energy inventories at 9:30 a.m. Traders continue to keep close watch over weather developments and any news regarding Ukraine. Visit DTN at this week's Farm Progress show in Decatur, Illinois, lot 360 on Third Street.
Weather
A rather quiet day is in store for most of the country outside of the far southeast. Hurricane Idalia, a Category 4 storm, will move into northern Florida this morning, across southeast Georgia and into the Atlantic later Wednesday and Wednesday night. Heavy rainfall, storm surge, and wind damage can be expected from northern Florida through the eastern Carolinas.