USDA's weekly export sales report is due out at 7:30 a.m. CST Thursday, the same time as U.S. weekly jobless claims and an update of the U.S. Drought Monitor. U.S. factory orders for September will be out at 9 a.m. USDA's WASDE and Crop Production reports are due out at 11 a.m., followed by DTN's WASDE webinar at 12:30 p.m. South American weather remains a topic of concern for traders.
Weather
A front has pushed south into Texas and east across the Midwest. A disturbance is moving into the southern end of the front, where it is starting to produce rain over Texas that should overspread much of the Southern Plains and Delta throughout the day, easing drought conditions. Cooler air behind the front is actually seasonable for this time of the year, though it is a sharp drop from recent days.