After two days of bearish risk-off selling, traders may be a little touchy at the end of the week, but Thursday's economic news was not encouraging. Traders will continue to keep watch over the latest weather developments and any talk of what the Federal Reserve will do on May 3. At 2 p.m. CDT, USDA will issue the cattle on-feed report for April 1, the only significant report of the day.
Weather
A storm system spinning in northern Minnesota is producing scattered snow showers across the Northern Plains and Upper Midwest, which may come in short, heavy bursts at times throughout the day. A front is bringing showers from far east Texas to Indiana that will be pushed eastward throughout the day. Cold temperatures are filling in behind the front, which will lead to some frosty morning temperatures in the Plains over the weekend.