After Thursday's broad-based selling across the commodity board, traders may be a little jumpy and will be watching for any news of coronavirus infections and how it relates to numerous shipping problems currently occurring. The latest weather forecasts remain important with rain headed to the northwestern Midwest. USDA's August 1 cattle on-feed report at 2 p.m. CDT is the only significant report scheduled for Friday.
Weather
A system pulling out of the Rockies will continue to produce scattered showers and thunderstorms across the Western Corn Belt Friday, benefiting filling corn and soybeans. Some of these storms may be severe as well. Hot temperatures ahead of the system are falling rapidly behind it. More showers and thunderstorms will be possible across the South and Southeast as well.