USDA's weekly export sales report is due out at 7:30 a.m. CST Thursday, along with weekly jobless claims, the first estimate for fourth quarter U.S. GDP, December durable goods orders and an update of the U.S. Drought Monitor. The Energy Department's report on natural gas storage is set for 9:30 a.m. Traders will continue to keep track of the latest weather forecasts and may respond to news from AP late Wednesday that representatives from Russia, Ukraine, France and Germany expressed support for a ceasefire in eastern Ukraine and agreed to meet again in two weeks.
Weather
Another cold front is moving into the Upper Midwest Thursday morning and will spread south through the Midwest and Plains throughout the day. The front will produce some areas of limited snow showers but will bring in some colder air to the Midwest. The front will create a potential Nor'easter for the coastal Mid-Atlantic and Northeast on Friday.