Top of the morning, USDA's weekly export sales report will be released Thursday at 7:30 a.m. CDT, along with weekly U.S. jobless claims, February U.S. housing starts and an update of the U.S. Drought Monitor. The Federal Reserve's report on industrial production in February is out at 8:15 a.m., followed by the Energy Department's weekly report of natural gas storage at 9:30 a.m. Traders will be watching for anything new out of Ukraine and will be wearing various shades of green.
Weather
A system moving out of the Rockies and into the Southern Plains has started to develop some moderate to heavy snow in eastern Colorado on Thursday. Additional showers will develop across the eastern half of the Southern Plains throughout the day. Showers on the northern edge of the system will turn into snow in Kansas while severe weather will be possible across eastern Texas and Oklahoma into Louisiana this evening. West Texas will be mostly bypassed by this system while drought continues in this area and only slight reductions are likely elsewhere.