Markets
At 7:30 a.m. CDT, the U.S. Labor Department will report on nonfarm payrolls and the unemployment rate for August -- two important indicators of how the economy is handling coronavirus challenges. Traders continue to watch the latest weather forecasts and any trade news that emerges ahead of the three-day weekend. Trading in U.S. futures markets picks up again Monday evening, due to Labor Day.
Weather
Friday will be dry to finish out the week over almost all crop areas. Rain in central and eastern Texas will be the only precipitation occurrence. Temperatures will be below normal in the Midwest and near to above normal elsewhere. A strong cold front will move from the Canadian Prairies into the north-central U.S. Sunday through Tuesday, offering the best chance for precipitation during the five-day period. The Pacific Ocean 30-day Southern Oscillation Index (SOI) value indicates weak La Nina conditions at plus 10.49.
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