Markets
After traders check the latest weather forecasts and the U.S. Labor Department issues its report for June producer prices at 7:30 a.m. CDT, grain traders will be watching for USDA's next WASDE report, due out at 11 a.m. CDT. New ending stocks estimates for corn and soybeans after USDA's June 30 estimates of plantings and grain stocks will carry the most interest and wheat crop estimates from around the world will also get a look.
Weather
Light to moderate rain will form in portions of the Northern and central Plains and the Midwest Friday. Rains will be accompanied by seasonal temperatures, easing crop stress. Meanwhile, the Southern Plains will have dryness and extreme heat with very stressful conditions for cotton, non-irrigated crops, pastures and livestock.
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