USDA's weekly export sales report is due out at 7:30 a.m. CDT Thursday, the same time as weekly U.S. jobless claims, an update of first quarter U.S. GDP and an update of the U.S. Drought Monitor. The U.S. Energy Department's weekly natural gas inventory report is set for 9:30 a.m. CDT. Traders remain closely tied to the latest weather forecasts.
Weather
A complex of moderate rain was situated from Iowa through eastern Kansas early Thursday morning. This cluster should diminish this morning as it continues east, but more rain is on the way for the Plains and western Midwest Thursday as a system develops along a cold front. Some of these storms could be severe across the Kansas-Nebraska border region east and northeast into Wisconsin and Illinois.