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, an update of second-quarter U.S. GDP and an update of the U.S. Drought Monitor. At 9:30 a.m., the U.S. Energy Department's weekly report of natural gas storage will be released. USDA's quarterly Hogs and Pigs report is set for 2 p.m. with expectations for an annual inventory decline of 1.6%.
Weather
Cold temperatures are producing frosts again this morning in the Midwest from eastern Iowa into Michigan. Outside of the cold though it is rather dry with mostly good harvest weather across much of the country. Ian has been downgraded to a tropical storm overnight as it pushed across the Florida Peninsula with heavy rainfall. The storm will spend the day offshore before pushing north toward South Carolina. Rains will begin to impact the Southeast Coast tonight with heavy rain expected for Friday and Saturday from eastern Georgia up through Virginia that will impact harvest and may cause flood damage.