Tidbits
Last night’s 6 to 10 day NOAA weather forecast is calling for above and much above normal temperatures in the Corn Belt spreading east on the 8 to 14 day forecast. Both forecasts are predicting above normal rainfall for the Corn Belt with much above normal rainfall in the Western Corn Belt.
The Commerce Department reported on Friday that consumer spending in February was rising by the fastest rate in just over a year. The United States economy continues to outperform its global peers thanks to persistent labor market strength.
Federal Reserve Chairman Jerome Powell said on Friday February's inflation data was "more along the lines of what we want to see." Those kinds of words will send the stock indexes and commodities higher on Monday if everything else is unchanged.