USDA's weekly export sales report is due out at 7:30 a.m. CDT Thursday, the same time as the weekly U.S. jobless claims and update of the U.S. Drought Monitor. At 9:30 a.m., the Energy Department has its weekly report of natural gas in storage. More Federal Reserve officials are set to speak and traders will continue to watch the latest weather forecasts.
Weather
A strong cold front moving through the Northern and Central Plains and Midwest on Thursday is causing temperatures to quickly fall behind it. Scattered frosts are occurring in the Red River Valley of the North Thursday morning, but will be much more widespread and colder Thursday night. Scattered showers are continuing over west Texas, which is a good sign for winter wheat establishment the next few days, but overall conditions continue to be good for harvest.