USDA's weekly export sales report is due out at 7:30 a.m. CDT, along with weekly U.S. jobless claims and an update of the U.S. Drought Monitor. An index of leading U.S. indicators is set for 9 a.m., following by U.S. natural gas inventories at 9:30 a.m. Traders are staying close to the latest weather forecasts and will see if USDA can come up with a second export sale announcement in June.
Weather
Some isolated showers and thunderstorms around Iowa will dissipate this morning, but more scattered strong to severe storms will be possible across the central Corn Belt later today and tonight. Meanwhile, heat relief will continue to push southward behind a front but remain hot and mostly dry across the Central and Southern Plains. Conditions remain favorable for winter wheat harvest.