On the first day of July and ahead of a three-day weekend, the Institute of Supply Management's U.S. index of manufacturing is due out at 9 a.m. CDT, the only significant report of the day. Traders will be keenly watching the latest weather forecasts, including developing chances for rain in the Corn Belt.
Weather
Showers and thunderstorms are in store for portions of the western Plains, Midwest and across the Southeast Friday. Rainfall will combine with seasonal temperatures to favor pollinating corn and flowering soybeans. Stressful heat and dryness will continue to be noted in the southern Plains.