Friday features a number of noteworthy reports, beginning with USDA's Commodity Costs and Returns update at 10 a.m. CDT, the first update to the series since the beginning of the war in the Middle East. Later in the afternoon at 2 p.m. CDT, USDA will release their Fats and Oils and Grain Crushings reports with processing data for March. Finally, at 2:30 p.m. CDT the CFTC will round out the trading week with the Commitments of Traders report, updating positions as of Tuesday, April 28.
Weather
A storm system is moving through Texas with scattered showers and thunderstorms. That system will continue eastward Friday and Saturday. Isolated showers will be found in a couple of batches in the Central Plains and Midwest as well. Cold air across the north resulted in areas of frosts and freezes Friday morning, which may be more widespread in the Midwest for Saturday morning.