On Wednesday, the Bureau of Labor Statistics will release the May Consumer Price Index report at 7:30 a.m. CDT, giving traders and investors an updated look at inflation in the U.S. economy. At 9:30 a.m. CDT, the Energy Information Administration will release the weekly Petroleum Status report, including last week's ethanol production.
Weather
A system is pushing into the Midwest on Wednesday. Though some scattered showers and thunderstorms will occur during the morning, strong-to-severe thunderstorms are expected to develop Wednesday afternoon and evening. All hazards are on the table including a few long-track tornadoes and hurricane-force wind gusts. Additional thunderstorms will develop across the Plains, with a new system moving into the Central Plains Wednesday night.