A report on U.S. personal incomes and spending in July is due out at 7:30 a.m. CDT. At 9 a.m. CDT, Federal Reserve Chairman Jerome Powell will address the Jackson Hole economic symposium and the University of Michigan's consumer sentiment index will be released at the same time. Traders will continue to keep an eye on the latest weather forecasts and watch for any news from the Environmental Protection Agency or news pertaining to export sales.
Weather
Batches of heavy rain were noted early Friday morning across the eastern Dakotas and Upper Midwest and are forecast to continue developing throughout the day, which may cause flooding in drought-afflicted areas. Additional showers are expected to develop from eastern Colorado into western Iowa and across Montana and the western Dakotas late this afternoon and evening and could be severe. Hot temperatures continue to stress the final fill stages south of this zone of showers.