USDA's weekly Export Sales report will be released at 7:30 a.m. CDT Thursday, the same time as weekly updates of U.S. jobless claims and the U.S. Drought Monitor. The Federal Reserve will report on industrial production in June at 8:15 a.m. CDT, followed by the Energy Department's weekly report on natural gas inventories at 9:30 a.m. ET. Also, Federal Reserve Chairman Jerome Powell speaks the U.S. Senate Thursday.
Weather
A frontal boundary from Kansas into Michigan will slowly slide south on Thursday, with periods of moderate to heavy showers and thunderstorms along it. Some continued disruption to the wheat harvest and flooding of saturated soils is possible, but overall, the rainfall will be beneficial to developing and reproductive corn and soybeans across the southern Corn Belt.