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Friday, May 6, 2022

Friday Watch List

At 7:30 a.m. CDT Friday, the U.S. Labor Department will release its reports of nonfarm payrolls and the unemployment rate, both for April. Traders will watch closely the latest weather forecasts and any news regarding Ukraine. Traders will also watch at 8 a.m. to see if USDA has its first export sale announcement of the week. A report on U.S. consumer credit is due out at 2 p.m.

Weather

Moderate rain will cover the eastern Midwest Friday, disrupting fieldwork and planting. We'll also see light showers in the northern states hinder activity. Other crop areas will be dry. Highs: 50s/60s E Midwest; 60s/70s Canadian Prairies, N Plains, W Midwest; 70s/80s S Plains, S Midwest, Delta, Deep South.