USDA's weekly export sales report is due out at 7:30 a.m. CST, followed by the Conference Board's U.S. index of leading indicators at 9 a.m. Traders will keep a close watch on the latest weather forecasts and any news concerning Russia and Ukraine. USDA's cattle on-feed report for January 1 is set for release at 2 p.m. CST.
Weather
An arctic cold front has been slowly sliding through the Southeast and precipitation along the front will fall into the cold-air side of the front Friday with a mix of freezing rain and snow, mostly for the Carolinas and especially tonight. Another front is moving through the Canadian Prairies and Northern Plains with a mix of showers as warmer air pushes the arctic air eastward. Winds are also fairly strong across the region both ahead and behind the front which could cause visibility issues with blowing snow.