U.S. new housing starts will be out at 7:30 a.m. CDT Friday, followed by the University of Michigan's consumer sentiment index at 9 a.m. USDA's monthly Livestock, Dairy and Poultry outlooks is set for 2 p.m. Financial traders will continue to discuss the possibility of a rate cut in September, currently expected to be for a quarter-percent, but not set in stone.
Weather
A slow-moving storm system continues to move through the Midwest on Friday, producing areas of showers and thunderstorms that have resulted in some areas of heavy rain. The tail end of the front may also be active across Kansas and northern Oklahoma as well.