Friday is first notice day for September grain contracts. The U.S. Commerce Department will release its PCE inflation index for July at 7:30 a.m. CDT and also July reports of U.S. personal incomes and consumer spending. The University of Michigan's consumer sentiment index is due out at 9 a.m.
Weather
A strong cold front that brought areas of heavy rain to the central Corn Belt Thursday continues to press eastward for Friday. Showers may be more scattered and overall lighter than Thursday, but will favorably hit some areas with needed rain from Texas to Michigan. Isolated showers may also fill in across the South and Southeast, where drought has been growing lately.