A report on U.S. existing home sales in January is due out at 9 a.m. CST Friday, the same time as the January report of U.S. leading indicators. Traders will keep an eye on the latest weather forecasts and don't be surprised if trading in grains is a little jumpy Friday, ahead of the three-day weekend, while Russia's military remains a threat to Ukraine.
Weather
With the big winter storm almost out of the country this morning, the focus turns to a clipper system moving across the U.S.-Canada border. Precipitation with it is overall fairly light, but the winds with the system are strong. Even with the lighter snowfall amounts, everything will be blowing around, causing travel hazards and potential blizzard conditions. While most areas of the country have seen temperatures fall from where they were 24 hours ago, the clipper system is bringing along some warmer temperatures to portions of the Northern Plains.