Markets
The U.S. Labor Department will release its reports on nonfarm payrolls and U.S. unemployment for June at 7:30 a.m. CDT Friday, the same time the Census Bureau releases the U.S. trade deficit for May. Later Friday morning, USDA will provide more specific details about ag exports in May, based on Census Bureau data. Grain traders will continue to keep a close watch on the latest weather forecasts and any export news ahead of the three-day weekend.
WeatherDry conditions will cover northern and central crop areas Friday. Rain will focus in a swath from the Texas Panhandle to the Southeast with mostly light amounts. Temperatures will be very warm to hot. More extreme heat bulletins are in effect in the Northern Plains and interior Northwest. This pattern is indicated to remain through the holiday weekend.