Thursday is a busy day with U.S. weekly jobless claims due out at 7:30 a.m. CDT, the same time as the consumer price index for September and update of the U.S. Drought Monitor. The U.S. Energy Department's weekly report of natural gas storage is at 9:30 a.m., followed by the weekly report of energy inventories at 10:00 a.m. At 11 a.m., USDA releases its Crop Production and WASDE Reports for October, followed by DTN's WASDE webinar at 12:30 p.m.
Weather
A strong storm system continues to build in the Central Plains Thursday morning. Heavy rain and thunderstorms have formed in a band from Wyoming to Chicago, which will continue to build in this general area and farther north throughout the day. Winds continue to increase in the Plains around the developing low-pressure center, which will be much more significant tonight into Friday as the system tracks eastward. Snow is also likely to mix in over parts of Wyoming and western Nebraska, though accumulation will be difficult. Heavy rain continues to track through the Southeast this morning as well.