USDA's weekly export sales report is due out at 7:30 a.m. CDT Thursday, the same time as U.S. weekly jobless claims, first-quarter U.S. GDP and an update of the U.S. Drought Monitor. An index of U.S. pending home sales in March is out at 9 a.m., followed by the Energy Department's natural gas storage report at 9:30 a.m.
Weather
A system is moving across the South with areas of thunderstorms and heavier rainfall. This system continues to press eastward and may contain some severe storms near the Gulf Coast. To the north, another system is moving through the Northern Plains and will produce scattered showers as its cold front dives south throughout the day. Frosts occurred in the eastern Midwest again this morning, yet another day of risk for more-advanced wheat and emergent corn and soybeans.