The U.S. Labor Department reports on weekly jobless claims at 7:30 a.m. CDT, the same time the U.S. Drought Monitor will be updated. At 9:30 a.m., the Energy Department's weekly inventory report, including ethanol production will be out, followed by USDA's monthly cold storage report at 2 p.m. CDT. Grain traders continue to inspect the latest weather forecasts and will keep an eye on outside markets and further Fed comments.
Weather
A section of an old front remains around Kansas that will be active with showers and thunderstorms on Thursday. Heat is advancing northward through the Plains and may bring some isolated showers to the Northern Plains. The heat comes ahead of the next system that is building in the Canadian Prairies. The far south remains hot with heat advisories and warnings still in place.