USDA's weekly export sales report is due out at 7:30 a.m. CST, the same time as weekly jobless claims and an update of the U.S. Drought Monitor. Traders will watch for a possible export sales announcement at 8 a.m. and the Energy Department's report on natural gas storage is set for 9:30 a.m. USDA's December WASDE report comes out at 11 a.m. CST, expected to show only small changes, if any.
Weather
A weak system moving through Canada is producing some showers for the northern Midwest Thursday, but amounts will be fairly light. Another storm moving through the western states is bringing some better showers to drought-afflicted areas. But dryness in the Southern Plains continues to be a concern for winter wheat, especially when you factor in the warm temperatures.