What We Are Watching

Markets

President Trump and President Xi of China are scheduled to speak on the phone about trade at 8 a.m. CDT

Cattle on Feed Report at 2 p.m. CDT

CFTC Commitment of Traders Report at 2:30 p.m. CDT

Weather

A very slow-moving system that has been around the middle of the country all week long continues to produce showers that extend a bit farther south and east for Friday. Pockets of heavier rain continue to be possible, but largely sporadic.