Reports on U.S. personal incomes and consumer spending are due out at 7:30 a.m. CDT Friday, followed by the University of Michigan's consumer sentiment index at 9 a.m. USDA's Prospective Plantings and Grain Stocks reports are set for 11 a.m., followed by DTN's webinar at 12:30 p.m. Traders will monitor the latest weather forecasts and watch for a possible export sale announcement at 8 a.m.
Weather
A strong storm system in the Plains will continue east through the Midwest on Friday. Widespread precipitation is developing with this storm, especially across the Midwest early Friday morning. The cold front racing between the Rockies and Appalachians will produce a line of very strong and severe thunderstorms by midday across the middle of the country. A widespread severe weather event is expected from this activity across the middle of the country. A band of heavy snow is also found in South Dakota and Nebraska that will be continuing eastward through the Upper Midwest for Friday and Friday night. Strong winds with the system will create some damage, and in the southwest it will be another day of blowing dust in the drought. Where it coincides with the heavy snow across the north, some blizzard conditions will be possible.