The U.S. Labor Department will release the producer price index for March at 7:30 a.m. CDT Friday. At 11 a.m., USDA will post the April WASDE report with updated estimates of U.S. grain supplies and South American corn and soybean crops. Traders will continue to monitor the latest weather forecasts and watch for any news of export sales.
Weather
Friday brings scattered thunderstorms to the northern Plains and northern Midwest. Precipitation will be light and accompanied by strong winds, leading to high fire threat in drought areas. Dry and windy conditions also lead to high fire threat in the southwestern Plains. One other area of precipitation extends from the southeastern Plains to the Gulf Coast.