USDA's weekly export sales 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. The U.S. Energy Department's weekly report of natural gas storage follows at 9:30 a.m. Traders will keep watch over the latest weather forecasts and any export sales announcement that might occur.
Weather
A storm system leaving the Rockies will increase precipitation across the Plains and Midwest on Thursday, spreading farther east overnight. Moderate to heavy snowfall amounts are expected out of this storm from Wyoming to Michigan. Another storm system is moving into the West with more heavy precipitation for that region, and the next storm system in the active pattern for the rest of the country over the weekend.