The Federal Reserve's report on U.S. industrial production is set for 8:15 a.m. CDT Friday, followed by the Conference Board's U.S. index of leading indicators and the University of Michigan's U.S. index of consumer sentiment, both due out at 9 a.m. In addition to monitoring weather and the latest bank news, traders will also pause at 8 a.m. to see if USDA might have a fourth consecutive export sale announcement. USDA's cattle on-feed report for March 1 will be out at 2 p.m.
Weather
A storm system that brought widespread precipitation to the middle of the country Thursday continues across the East and South on Friday. Most of this will be rain but colder air filtering in behind the system will lead to some areas of snow and lake-effect in the Great Lakes. Colder temperatures down in the Plains may be damaging to more-advanced wheat. Some breezy conditions will continue across the Midwest as well.