Macro reports for Friday include September Consumer Price Index data which will be published to determine the Social Security Cost of Living Adjustment. This will give investors an update on inflation ahead of the Federal Reserve interest rate decision next week. Meanwhile, trade negotiations between Chinese and U.S. officials will be underway in Malaysia starting Friday, which will be watched closely for updates by grains and oilseed traders.
Weather
A system is moving into the Southern Plains and is producing areas of heavy rain and thunderstorms Friday morning. Showers and storms will continue to develop throughout the day, which may lead to flooding in some areas of Oklahoma and Texas. Severe storms may also be a possibility in parts of Texas throughout the day as well.