Headed into the weekend, traders continue to keep a close eye on the latest weather forecasts and any news pertaining to biofuels policy. Friday's only significant reports are July 1 cattle on-feed and July 1 cattle inventory, both scheduled to come from USDA at 2 p.m. CDT.
Weather
A front moving through the Northern Plains on Friday will bring beneficial rainfall, though showers and thunderstorms will be scattered so there will be areas that are missed. Severe winds and hail will be possible in the storms as well. Other isolated showers will be found around the Great Lakes and in the Southeast.