USDA's weekly export sales report will be 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. At 9:30 a.m., the U.S. Energy Department will release its weekly report of natural gas storage. Traders will continue to keep an eye on South American weather and will pause at 8 a.m. to see if USDA has a new export sale. Outside markets continue to monitor corporate earnings season.
Weather
A storm system moving through the Midwest is bringing a wide band of precipitation through the region on Thursday, including a wintry mix on the backside that will lead to some moderate snow accumulation from northern Missouri through southern Wisconsin. Winds are increasing around the system as well as out in the Plains where an upper-level trough is moving in behind the system, bringing somewhat cooler air. Southeastern areas will see a cold front hang up with more showers continuing there as well.