U.S. weekly jobless claims, the U.S. trade deficit for May and an update of the U.S. Drought Monitor will all be out at 7:30 a.m. CDT Thursday, followed by the U.S. Energy Department's weekly energy inventories at 10 a.m. USDA's weekly export sales report will be out Friday, due to this week's holiday schedule.
Weather
A cold front has stalled in the Southern Plains where some heavier showers are located Thursday morning. The eastern section of the front will continue to relieve heat across the eastern Midwest and will produce some showers as well. An old front will also be active across the Southeast, but it will be back in the Plains that will garner most of the attention Thursday. The front will be a focal point for severe storms but so will a disturbance moving toward the Rockies this evening across the central High Plains.