USDA's weekly export sales, U.S. jobless claims, U.S. fourth-quarter GDP, January durable goods orders and an update of the U.S. Drought Monitor are all set for release at 7:30 a.m. CST. An index of U.S. pending home sales is due out at 9 a.m., followed by U.S. natural gas inventory at 9:30 a.m. Traders will keep examining the latest weather forecasts and watch for any new export sales that may emerge.
Weather
Dry conditions will remain in effect across most primary crop areas Thursday. Precipitation will be confined to snow in portions of the far western Plains and Northwest and rain along the Texas coast. Temperatures will be seasonal north and central and seasonal to below normal south.