Thursday, November 11 is Veterans Day and there are no significant reports scheduled, but U.S. futures markets are open. Canola will not trade Thursday. Traders will check the latest weather forecasts and anticipate USDA's weekly export sales report, due out Friday morning at 7:30 a.m. CST.
Special thanks to all you veterans for your service.
Weather
A strong system is intensifying over Minnesota early Thursday, pushing a line of moderate showers along the Mississippi River eastward through the rest of the day. The system is also increasing its winds on the backside of the system while it pulls down cold Canadian air and a batch of snow into the Northern Plains. That will cause some blowing snow, drifting, and blizzard conditions with wind gusts of 35 to 50 mph and occasionally higher into Friday.