The U.S. Labor Department will release its report on producer prices at 7:30 a.m. CST Friday, followed by the University of Michigan's consumer sentiment index at 9 a.m. Traders will look over the latest weather forecast and watch for any news of export sales ahead of the weekend. USDA has yet to announce any daily export sale for an old-crop grain or oilseed in March.
Weather
Moderate to locally heavy rain is in store for portions of the southern Plains and southern Midwest Friday. The rain will improve soil moisture for winter wheat but also brings a threat of flooding. We'll also see periods of snow in the western High Plains. Dry conditions will be in place elsewhere. The forecast continues to suggest heavy rain and snow in the central U.S. during the weekend and early next week.