USDA's weekly export sales report will be out at 7:30 a.m. CDT Thursday, the same time as weekly U.S. jobless claims, a report on producer prices and an update of the U.S. Drought Monitor. The Energy Department's weekly report of natural gas storage follows at 9:30 a.m. Traders will keep close watch over the latest weather developments.
Weather
Remnants of a storm complex are exiting southern Missouri and southern Illinois Thursday morning. By Thursday afternoon and through the evening, scattered showers and storms will develop across the Northern and Central Plains as well as the Ohio Valley. Some of the strongest storms are expected across western Nebraska, western Kansas, the Oklahoma and Texas Panhandles, and southern Ohio. Damaging wind gusts and large hail will be the main threats with storms that develop Thursday, but an isolated tornado or two also cannot be ruled out.