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Friday, April 1, 2022

Friday Watch List

The U.S. Labor Department will release nonfarm payrolls and the unemployment rate for March at 7:30 a.m. CDT Friday. The Institute of Supply Management's U.S. index of manufacturing is due out at 9 a.m. CDT. Traders will continue to keep an eye on the latest weather forecasts and any news regarding Ukraine.

Weather

A weak system will move out of the Rockies and through the Plains on Friday with some splotchy areas of light to moderate showers. Additional light showers will spin out of the eastern Midwest this morning. Cold temperatures behind the departing system off the East Coast is leading to some frosty conditions this morning in the Delta and Saturday morning in the Tennessee Valley, but is unlikely to have any significant impact on developing wheat.