Markets
There are no official reports on Friday's docket, but traders will continue to pay close attention to the latest weather forecasts, any news of an export sale and any news regarding a change in U.S. biofuels policy. Rain and cooler temperatures are expected to arrive next week, but Monday afternoon's Crop Progress report will likely show a decline in crop condition ratings.
WeatherBatches of thunderstorms from Thursday night's activity will continue over the eastern Midwest on Friday. Some storms could be severe with wind and hail threats and moderate rainfall amounts. Heat continues to be suppressed as a front drifts farther south. More isolated showers will be found to the west across the Central Plains and we await the development of a tropical system across the Gulf of Mexico with its likely landfall in the Louisiana coastline Friday night.