Markets
The calendar is busy Thursday morning. U.S. jobless claims, first quarter GDP, U.S. April durable goods orders and an update of the U.S. Drought Monitor are all out at 7:30 a.m. CDT. The U.S. pending home sales index for April is at 9 a.m., followed by natural gas inventory at 9:30 a.m. and the Energy Department's weekly inventory report at 10 a.m. CDT. Traders will also watch the latest weather forecasts, any export news and for any hints of President Donald Trump's response to China's move in Hong Kong.
Weather
Light to moderate rain is in store for most central and eastern crop areas Thursday. The rain will continue to delay later-stage planting. Western crop areas will be dry with favorable conditions for crop development. Temperatures will be mainly seasonal to above normal.
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