After several export sale announcements the past week, many will be watching USDA's weekly sales report at 7:30 a.m. CDT. At 8:15 a.m. CDT, the Federal Reserve will release its estimate of September industrial production, followed by the University of Michigan's consumer sentiment index at 9 a.m. CDT. Traders will continue to watch weather forecasts closely for several important growing regions.
WeatherFriday will be mostly dry and cool across primary crop areas, generally favorable for harvest and wheat planting. Precipitation will be confined to isolated light rain and snow showers in the far northern Midwest and widely scattered showers in the Delta and Texas coast. Freezing conditions are noted in much of the central and southern Plains and Midwest. Moderate snow is indicated for the far Northern Plains Friday evening.