USDA's weekly export sales report, U.S. jobless claims and an update of the U.S. Drought Monitor are all due out at 7:30 a.m. CDT Thursday. U.S. existing home sales and U.S. leading indicators, both for June are out at 9 a.m. The U.S. Energy Department's report on natural gas storage follows at 9:30 a.m. Traders will continue to pay close attention to the weather and latest events out of Ukraine.
Weather
A system moving through the eastern Midwest will continue to produce areas of showers and thunderstorms on Thursday, some of which may be severe with wind and hail. The front to the system will be an area to watch for significant severe storms Thursday afternoon and evening across Colorado and Kansas with a significant severe wind threat and heavy rain potential. To the south of the front, heat and humidity continue to be intense.