USDA's weekly export sales report is due out at 7:30 a.m. CDT, the same time as weekly U.S. jobless claims, an estimate of third quarter U.S. GDP and an update of the U.S. Drought Monitor. The Department of Energy reports on natural gas storage at 9:30 a.m., a concern for this year's fertilizer prices. Traders will continue to check the latest weather forecasts and watch for any news of an export sale.
Weather
A system is strengthening across the Mid-Mississippi Valley Thursday. This will bring scattered showers to the much of the Corn Belt down through the Southeast and strong winds on the backside of the system from the Southern Plains into the Southeast. Showers will continue to delay the remaining corn and soybean harvest, while winds will act to dry out winter wheat in the Plains and may damage cotton in the Southeast.