The U.S. consumer price index for April will be out at 7:30 a.m. CDT Wednesday, followed by the Energy Department's weekly inventory report at 9:30 a.m. Traders will continue to keep close watch on the latest weather forecasts, checking for planting opportunities in the U.S.
Weather
Two storms continue their slow march through the country as a lead one over the East Coast continues to produce showers there and the far eastern Corn Belt. Meanwhile, a second one that moved into the Plains on Tuesday slowly drifts eastward with scattered showers and thunderstorms for the Western Corn Belt as well. Some severe weather will be possible out of Both storms, with the higher likelihood for strong winds and hail in the southwestern Plains.