Markets
Thursday is busy with reports, starting with weekly export sales, U.S. jobless claims and an update of the U.S. Drought Monitor at 7:30 a.m. CDT. Reports on April existing home sales and leading indicators are at 9 a.m., followed by natural gas inventory at 9:30 a.m. CDT. USDA's monthly cold storage report is set for 2 p.m. CDT.
Weather
Moderate to heavy rain with flooding will continue in portions of the southeastern U.S. Thursday. Meanwhile, a rainy period will begin in the Plains with prospects for moderate to heavy amounts and flood threat, mainly in south-central and southeastern Plains areas. Northern Plains areas will also have showers with continued pressure on fieldwork and the likelihood of prevented planting.
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