USDA's monthly cattle-on feed report for August 1 at 2 p.m. CDT is the only significant report of the day. Traders will keep up with the latest weather forecasts and news regarding Ukraine's efforts to ship grain, while under attack.
Weather
A hot ridge is moving into the Plains and bringing the heat on Friday. Cooler temperatures in the Midwest will only be temporary as the heat spreads over the weekend. Western areas are on the watch for Hurricane Hilary, which is expected to induce flooding rains for California and the Desert Southwest over the weekend into early next week.