Markets
Friday, the first of May, is relatively quiet for official reports. ISM's index of U.S. manufacturing is due out at 9 a.m. CDT, followed by the Fats and Oils report from NASS at 2 p.m., a report of March soybean crush and soybean oil stocks. Market attention remains focused on the weather and any news about coronavirus, meat plant updates and export sales.
Weather
Friday will be dry across almost all primary crop areas, allowing for continued fieldwork and planting progress. The only exception will be light rain in the far Northern Plains. Meanwhile, record or near-record heat and dryness will stress crops in the southwestern Plains.
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