Friday is the final trading session ahead of a three-day weekend celebrating Memorial Day. Grain prices could be volatile Friday with several weather factors at play and forecasts closely watched. A report on U.S. personal incomes and consumer spending is due out at 7:30 a.m. CDT, followed by the University of Michigan's consumer sentiment index at 9 a.m. Grains and livestock close at their normal times Friday. Grains will next trade at 7 p.m. CDT on Monday evening.
Weather
Friday brings an unseasonal dose of freezing cold to the northern Plains and far northern Midwest, with possible damage to crops. Meanwhile, light to moderate rain is in store for the eastern Midwest, which will offer favorable crop moisture. We'll also see a swath of rain extend into the Delta and southeastern Plains. Other crop areas will be dry. Showers will work into the western and central Plains during the Memorial Day holiday weekend.