The first Friday of February brings out the U.S. unemployment report for January at 7:30 a.m. CST, along with the change in U.S. nonfarm payrolls and the U.S. trade deficit for December. Later Friday morning, USDA will release export data for several ag products and we'll be able to see the level of China's U.S. ag purchases in 2020. Traders will continue to watch for any export sales announcements and examine the latest weather forecasts.
Weather
Dry conditions are in store for most primary crop areas Friday. A bitter cold pattern with periods of snow and strong winds is indicated to cover much of the northern and central U.S. during the weekend. The cold pattern expands through the south and southeast during the next seven days.