USDA's weekly export sales report, U.S. jobless claims and an update of the U.S. Drought Monitor are all set for 7:30 a.m. CDT Thursday. The U.S. Energy Department releases natural gas inventory at 9:30 a.m. Grain traders may be cautious ahead of Friday's WASDE report, but will check the latest weather forecasts and watch for any news of export sales.
Weather
Light to moderate rain is in store for the Midwest and Mid-South Thursday. The rain offers row crop soil moisture ahead of planting. Meanwhile, dry, warm and windy conditions will sweep across the Plains with a notable fire threat. This combination is stressful to wheat