USDA's weekly export sales report is due out at 7:30 a.m. CDT, the same time as weekly U.S. jobless claims and updates of first quarter GDP and the U.S. Drought Monitor. A 9 a.m., there is a report on pending U.S. home sales for April, followed by the Energy Department's weekly natural gas storage report at 9:30 a.m. Traders will continue to examine the latest weather forecasts, news regarding Ukraine and any news of an export sale.
Weather
A system continues to slowly make its way eastward on Thursday. Areas of scattered showers and thunderstorms continue to press on east of the Mississippi River, with additional showers over Missouri as well. Areas of heavy rain and some severe weather will be possible. The Northern Plains has another dry day to allow for drainage and potentially additional planting in and around North Dakota before showers move back in Friday evening.