The PCE inflation index for May will be out at 7:30 a.m. CDT Friday, the same time as May reports on U.S. personal income and consumer spending. At 11 a.m., USDA releases its Acreage and June 1 Grain Stocks reports followed by DTN's webinar at 12:30 p.m.
Weather
A system is moving through the Canadian Prairies and has wrapped up in the region, causing a band of heavy rain from Alberta through Manitoba and down through the northwestern Corn Belt since Thursday. That has caused some areas of heavier rainfall in portions of the northwestern Corn Belt that have been dealing with flooding. A wave of morning showers continues eastward, but the front to the system should produce more showers and thunderstorms there and into the southwestern Corn Belt later today and tonight, the latter of which could see some significant severe weather. A burst of colder air is moving in behind the front. Highs: 50s/60s Canadian Prairies; 60s/70s Northern Plains; 70s/80s Pacific Northwest, Midwest; 80s/90s Central Plains, Southeast; 90s/100s Southern Plains, Delta.