USDA's weekly export sales report is due out at 7:30 a.m. CDT Thursday, the same time as weekly U.S. jobless claims, the trade deficit for June and an update of the U.S. Drought Monitor. USDA will have more specific export information later Thursday morning and at 9:30 a.m., the Energy Department will report on natural gas in storage. Traders continue to monitor the weather and any news regarding Ukraine.
Weather
A frontal boundary moving through the Midwest is starting to stall out near the Ohio River. Scattered showers will continue along the front and could cause some flooding in Missouri and southern Illinois. Temperatures will be a little more seasonable in these areas, otherwise, the heat is continuing south of the front and returning to the Northern Plains as an upper-level ridge continues to dominate the overall pattern.