Traders continue to keep an eye on the latest weather forecasts and any news regarding Russia or Ukraine. At 11 a.m. CDT, USDA will release its World Agricultural Supply and Demand Estimates for April, including the latest crop estimates from South America.
Weather
A system continues to spin across the Great Lakes on Friday, bringing spotty showers throughout the Midwest. Winds have calmed down significantly across the Plains but may still be breezy in spots. Cold air has filled in across much of the country east of the Rockies, with potential frosts and freezes from the Midwest to the Mid-South through Sunday morning. Damage to wheat is unlikely but temperatures will slow the warming of soils prior to planting row crops.