USDA's weekly export sales, U.S. jobless claims, a report on U.S. productivity in the fourth quarter and an update of the U.S. Drought Monitor are all due out at 7:30 a.m. CST. The U.S. Energy Department's report on natural gas inventory is at 9:30 a.m. Otherwise, traders will be looking at the latest weather forecasts and any fresh export news that might emerge.
Weather
Another dry day is in store across the primary crop areas Thursday. Temperatures will be mainly above normal. A weather system bringing snow to the southern Rockies is indicated to be a rain maker in the southwestern Plains Thursday night and Friday. This moisture would be important for winter wheat.