Reports on U.S. weekly jobless claims and the U.S. trade deficit will be out at 8:30 a.m. CDT Wednesday, followed by May U.S. factory orders at 9 a.m. The U.S. Energy Department's weekly energy inventory report is set for 9:30 a.m. and the natural gas storage report is at noon. U.S. stock market exchanges close early, at 12:15 p.m. CDT, but grain and livestock futures close at their normal times ahead of Thursday's Independence Day holiday. Minutes from the latest Fed meeting will be released at 1 p.m. CDT.
Weather
A front that has produced some areas of heavier rain over the western Corn Belt earlier this week is shifting toward the Ohio River for Wednesday. More rounds of showers and thunderstorms are forecast to develop along the front. The next storm system is quickly entering the Plains and will bring scattered showers and thunderstorms of its own, especially across the northern half of the region. Both areas are watching out for some severe weather later Wednesday, but the areas around western Nebraska have a higher risk.