USDA's export sales report will be out at 7:30 a.m. CST, the same time as weekly U.S. jobless claims and updates of fourth quarter productivity and the U.S. Drought Monitor. Discussions begin Thursday at the G20 meeting in India, but don't expect an agreement on Ukraine with Russia, China and India in the room. The U.S. Energy Department's weekly report on natural gas storage is set for 9:30 a.m. after last week's report showed supplies up 22% from a year ago.
Weather
A storm system is moving out of the southern Rockies and into the Southern Plains on Thursday. Precipitation increased ahead of this system across the Tennessee Valley and Mid-Atlantic Wednesday and will increase from Texas and Oklahoma into these areas again today. Along with the increase in precipitation, a significant severe weather event is expected for later Thursday afternoon and Thursday evening. Strong tornadoes and damaging wind gusts will be likely from northeast Texas to Mississippi and western Tennessee going through the overnight hours.