USDA's weekly export sales report is due out at 7:30 a.m. CDT Friday, the same time the Labor Department will release nonfarm payrolls and the unemployment rate for May. Traders remain interested in the latest weather forecasts, any news of an export sale and the latest reports from Ukraine.
Weather
A trough off the West Coast is sending pieces of energy into the Pacific Northwest and the Plains for Friday. Areas of showers and thunderstorms are expected to develop throughout the day, which may turn out to be severe in some cases for the High Plains. West Texas has the best chance for that later Friday though some moderate rain is moving through already Friday morning. The Atlantic Basin is likely to get its first tropical storm of the season as a low pressure center off the Yucatan Peninsula is nearing the criteria needed to call it one. Regardless, heavy rain is starting to move into Florida, which should see rounds of it through Saturday regardless of tropical classification.