USDA's weekly export sales report is set for 7:30 a.m. CDT, the same time as weekly U.S. jobless claims and an update of the U.S. Drought Monitor. A 9 a.m., a report on U.S. existing home sales in July and the Conference Board's index of U.S. leading indicators will be released, followed by the Energy Department's weekly natural gas storage at 9:30 a.m. Not surprising, the latest weather forecasts remain an important trader topic.
Weather
Dry conditions with seasonally warm temperatures are in store across the central U.S. Thursday. Showers and thunderstorms will cross the northern tier, and a broad swath of light to moderate rain is in store for the southern tier. Meanwhile, the Far West and Northwest will have another day of excessive stressful heat. The Southwest is in line for flooding monsoon rain during the balance of this week.