USDA's weekly export sales are due out at 7:30 a.m. CDT Thursday, the same time as weekly U.S. jobless claims and an update of the U.S. Drought Monitor. The U.S. Energy Department releases its weekly report on natural gas storage at 9:30 a.m. Traders continue to keep a close watch on the latest weather forecasts and any news regarding Ukraine.
Weather
In the non-stop active pattern that has been moving across the country since the weekend, another disturbance will move into the Central Plains Thursday, producing scattered showers and thunderstorms. Severe weather looks likely from Nebraska to Oklahoma and the Texas Panhandle, areas that have already had bouts of severe weather this week. The rain that comes with the storms will be important though, as the region will start to become less active this weekend.