USDA's weekly export sales report is due out at 7:30 a.m. CST Thursday, the same time as weekly U.S. jobless claims and an update of the U.S. Drought Monitor. Trading may be cautious ahead of Friday's WASDE report and traders will keep an eye on the latest weather forecasts and any news of an export sale. The U.S. Energy Department's weekly report of natural gas storage is set for 9:30 a.m.
Weather
A storm system moving through the Central and Southern Plains northeast through the Ohio Valley is already producing a wide band of moderate rainfall from Oklahoma to Kentucky Thursday morning. The storm will fill in farther north later in the day with some potential for freezing rain and a band of moderate snow going through Nebraska into southern Minnesota and Iowa. The snow will continue across Wisconsin and Michigan on Friday. Temperatures are rising across most areas regardless of precipitation moving through.