The U.S. Labor Department reports on nonfarm payrolls and the unemployment rate for April at 7:30 a.m. CDT Friday. Traders will keep tabs on the latest weather forecasts from around the world as a new growing season begins in the Northern Hemisphere. They will also watch for any sign of movement on the extension of the Black Sea Grain Initiative and any news regarding the health of U.S. banks.
Weather
A cluster of storms continues across the Delta Friday morning which could see more development later Friday. The focus for rainfall will be across the Plains and Upper Midwest, though. Some thunderstorms may develop across central and eastern Texas this afternoon and evening, and could be severe, but the more widespread precipitation is expected farther north as a system moving through the West starts to move into the Central Rockies tonight. Showers should increase from Nebraska up into Wisconsin with time, and some severe weather may be possible across Nebraska as well. Showers are not likely to be widespread but will be of some benefit to drier areas.