USDA's weekly export sales report is due out at 7:30 a.m. CDT, the same time as weekly U.S. jobless claims and an update of the U.S. Drought Monitor. An index of U.S. leading indicators in July is set for 9 a.m., followed by the Energy Department's weekly report on natural gas inventory at 9:30. USDA's monthly report on Milk Production will be out at 2 p.m. CDT.
Weather
In addition to scattered showers continuing around the South, a system is starting to move out of the Rockies and into the Northern Plains. This system is expected to produce fairly widespread showers on Thursday and Friday across the Western Corn Belt. All rainfall would be helpful for filling corn and soybeans.