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Friday, August 26, 2022

Friday Watch List

At 7:30 a.m. CDT, reports on U.S. personal incomes and consumer spending for July will be released, followed by the University of Michigan's index of U.S. consumer sentiment at 9 a.m. Federal Reserve Chairman Jerome Powell will speak in Jackson Hole, Wyoming Friday morning and is expected to support another rate hike when the Fed meets in September.

Weather

A front stalled across the Gulf Coast will continue to produce scattered showers on Friday while another system moving through Canada will bring some to the eastern Midwest and Northeast. Another trailing behind it will continue to bring some showers to the Northern and Central Plains as well. Overall, showers will be pretty isolated outside of the Northeast and Gulf Coast, offering only limited help for filling corn and soybeans in a few spots.