U.S. producer prices for July will be out at 7:30 a.m. CDT Friday, followed by the University of Michigan's consumer sentiment index for early August at 9 a.m. USDA's WASDE and Crop Production reports are set for 11 a.m., followed by estimates of prevented plantings from the Farm Service Agency at noon. DTN's WASDE webinar begins at 12:30 p.m.
Weather
A system will bring periods of showers and thunderstorms to the central Corn Belt on Friday. Early morning storms are not likely to be severe but are hitting some of the driest areas in northeast Iowa and southern Wisconsin. Additional development this afternoon and evening could end up being severe from eastern Minnesota and Wisconsin through Missouri and adjacent areas. A front across the southern tier remains active with some clusters of showers as well and continues to bottle-up extreme heat to the south.