Friday's session will center around the 11 a.m. CDT release of the July WASDE and Crop Production reports from USDA. After the close, CFTC will release the weekly Commitments of Traders report at 2:30 p.m. CDT.
Weather
A front that has been slowly moving through the country this week continues to sit near the southern Corn Belt on Friday. After producing some areas of heavy rain on Thursday, another day of heavy rain is expected Friday. Some areas of severe thunderstorms with wind and hail will be possible here as well. Farther north, showers are clearing out and starting to make way for a significant heatwave for this weekend.