Markets
The U.S. Labor Department has the unpleasant task of reporting a likely drop in nonfarm payrolls and higher unemployment rate in April at 7:30 a.m. CDT. The numbers may not shock the market, but will be stark reminders of how much the economy has contracted in the effort to stop the spread of the coronavirus. Friday morning's low temperatures, trade news and updates of meat processing plants will also be watched.
Weather
Friday will bring moderate to locally heavy rain to the southeastern Midwest and Delta. Other crop areas will be dry. A strong cold wave will steadily move into the Midwest Friday night and Saturday, with widespread subfreezing temperatures. The cold will slow down crop emergence and may kill some Midwest winter wheat. The brunt of the cold air is not indicated to affect Southern Plains wheat areas.
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