Thursday's reports begin with U.S. jobless claims and an update of the U.S. Drought Monitor at 7:30 a.m. CDT. The U.S. Energy Department will report on natural gas inventory at 9:30 a.m., followed by other energy inventories, including ethanol at 10:00 a.m. Grain traders will continue to pay close attention to the latest weather forecasts and any news of export sales. USDA's weekly export sales report is scheduled for Friday morning, due to this week's holiday.
Weather
The center of Tropical Storm Elsa will continue to move from the coastal Southeast through the Mid-Atlantic Thursday with more isolated to scattered showers east of the Rockies. Only some local drought relief is expected across the drier northwest growing areas, which could see some severe weather this afternoon and evening