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Friday, May 13, 2022

Friday Watch List

The University of Michigan's early index of consumer sentiment for May is due out at 9 a.m. CDT, the only significant report on Friday's docket. Traders will still be digesting Thursday's new estimates from USDA and we'll see how the market responds to Thursday's limit-up close in September Minneapolis wheat. The latest weather forecasts continue to get widespread attention as does any news regarding Ukraine or planting progress here in the U.S.

Weather

A low pressure system in the Northern Plains will continue to move northward through the Canadian Prairies through Saturday, bringing scattered showers and thunderstorms and locally heavy rainfall to keep planting pace slow in these areas. The front to the system continues to move through the central Midwest and southeastern Plains on Friday with more showers and thunderstorms. Areas that have seen really good planting weather all week will have to deal with showers.