At 7:30 a.m. CDT Friday, the U.S. Commerce Department releases U.S. personal incomes and consumer spending for February, followed by the University of Michigan's consumer sentiment index at 9 a.m. Traders remain interested in the latest weather forecasts and any news of export sales. Concerns about rising coronavirus infections in Europe were a bearish influence on Thursday's soybean oil price.
Weather
Friday brings showers to the Great Lakes with an easing of dry conditions. We'll also see light showers in the Southeast after the volatile severe weather events of Thursday. During the weekend, periods of rain will cross the central Plains and the Midwest, with heavier rain in the eastern Midwest and Delta Sunday.