USDA's export sales report is due out at 7:30 a.m. CDT Friday, but expectations are low as the week only had one modest soybean sale announcement, reported to unknown destinations. At 2 p.m., USDA's June 1 cattle on-feed and monthly cold storage reports are set to be released. The latest weather forecasts remain the primary concern of grain traders.
Weather
A front that has been stuck in the Northern Plains all week continues to be active on Friday. Showers and thunderstorms have been rather sporadic this week but are expected to increase in intensity as a system in the West approaches Friday night. Additional severe storms are possible near the Texas Panhandle yet again today. An upper-level system continues to spin around the East Coast where showers will be possible across the far eastern Midwest. In between the two, another day of hot and dry conditions continue to stress crops.