USDA's 2021 Ag Outlook Forum continues Friday with traders watching for the release of new-crop balance sheets and additional market comments. At 7:30 a.m. CST, USDA will release its weekly export sales report for dates that overlap China's New Year celebration. U.S. existing home sales for January are due out at 9 a.m., followed by USDA's monthly cattle on-feed report at 2 p.m. CST.
Weather
Most primary crop areas will be dry Friday. We'll also see milder temperatures as this week's bitter cold wave eases. Precipitation will focus in the eastern U.S. as rain and along the Rockies as snow. The Rockies snow system will move into the western Midwest Sunday.