On Friday, traders will continue to watch for details emerging from the second day of meetings between President Trump and President Xi in Beijing. After the close, CFTC will wrap up the week with the Commitments of Traders report, updating positions as of Tuesday, May 12.
Weather
A stalling front is the focal point for some scattered showers and thunderstorms for the middle of the country on Friday. From southwest Kansas through Wisconsin, we should see thunderstorms developing Friday afternoon and evening. A risk of strong winds and hail are expected. Breezy winds in the Northern Plains and Canadian Prairies continue, though weaker than the past couple of days. Rain will change to snow for some in the northern Canadian Prairies.