USDA's weekly export sales report is due out at 7:30 a.m. CDT, the same time as weekly U.S. jobless claims and an update of the weekly U.S. Drought Monitor. A report on U.S. industrial production will be out at 8:15 a.m. CDT, followed by the Energy Department's weekly report of natural gas storage at 9:30 a.m. The National Oilseeds Processors Association will release members' soybean crush data later Thursday morning, typically a lower figure at this time of year.
Weather
A storm system is moving from the Dakotas into the Upper Midwest on Thursday. The system is already producing widespread rain and thunderstorms Thursday morning in the middle of the Corn Belt that will move eastward. Additional rain and thunderstorms will develop behind these early clusters, with risks of hail and damaging winds across Illinois and Missouri later in the day and Thursday night.