USDA's weekly report of export sales is due out at 7:30 a.m. CDT, along with weekly U.S. jobless claims, reports on U.S. personal incomes and consumer spending and an update of the U.S. Drought Monitor. The U.S. Energy Department's weekly update of natural gas storage is due out at 9:30 a.m., followed by USDA's Acreage and June 1 Grain Stocks reports at 11 a.m. -- two reports that have a history of being market-movers.
Weather
Two fronts, one north and one south, will produce scattered showers across both regions on Thursday. Areas in the middle of the country will see seasonably warm temperatures and dry conditions, good weather for wheat harvest. Cooler conditions are found across the north and into Canada, where the better conditions for developing crops are found.