On Thursday, USDA's weekly report of export sales is due out at 7:30 a.m. CST, the same time as November housing starts, weekly U.S. jobless claims and an update of the U.S. Drought Monitor. A report on November U.S. industrial production is due out at 8:15 a.m., followed by natural gas storage at 9:30 a.m. Traders will pause at 8 a.m. to see if USDA will have this week's first export sale announcement.
Weather
A strong system that moved through the Plains and Midwest on Wednesday has moved into Ontario, Canada. There are still some effects from the storm including some stronger winds across the northern Midwest, but those will be waning through the day. The cold front to the system is stalling from Texas into the Ohio Valley, where showers will be more active. Much colder temperatures are building in behind the front, a stark contrast from record highs on Wednesday.