USDA's weekly export sales will be out at 7:30 a.m. CDT Thursday, the same time as weekly U.S. jobless claims, April U.S. housing starts and an update of the U.S. Drought Monitor. A report on U.S. industrial production is set for 8:15 a.m., followed by the U.S. Energy Department's weekly natural gas storage report at 9:30 a.m. At 2 p.m., USDA's Livestock, Dairy and Poultry outlooks will be released.
WeatherA system is stretched out from the Upper Midwest down through Texas and will proceed slowly eastward for Thursday. While thunderstorms will be possible in the Great Lakes and Mid-Mississippi Valley, the best chances for severe storms will occur across Texas. Heavy rain will accompany the thunderstorms, which could produce flooding there and eastward across the Gulf Coast going through Thursday night. Another system has entered the Canadian Prairies and will be active there and the Northern Plains with scattered showers.