A report on U.S. retail sales for April is due out at 7:30 a.m. CDT Friday, followed by the Federal Reserve's report on April industrial production at 8:15 a.m. The University of Michigan's consumer sentiment survey for April is set for 9 a.m. Traders will keep close watch on the latest weather forecasts. Friday is also the final day of trading for May grain futures.
Weather
Light rain showers are in store for portions of the western Midwest Friday. The rain area expands into the central and southern Plains later Friday. Areas with rain will have useful crop moisture. Drought areas of the northern and far southwestern Plains along with the Northwest and Canadian Prairies have very little rain indicated.