USDA's weekly export sales report is due out at 7:30 a.m. CDT Thursday, the same time as weekly U.S. jobless claims and an update of the weekly U.S. Drought Monitor. The U.S. Energy Department's weekly report of natural gas storage is at 9:30 a.m. Traders continue to keep an eye on the latest weather forecasts and concerns about Iran possibly preparing an attack on Israel.
Weather
Tropical Storm Debby moved back onshore in South Carolina early Thursday morning and will bring heavy rain there northward into Virginia for the rest of the day. A cold front is bringing a reinforcing shot of cooler air to the Corn Belt and areas northwest as well. The front is mysteriously dry across the Eastern Belt but is producing heavier rainfall in Kansas Thursday morning. Showers may continue in the Central Plains through Thursday evening, getting farther south later in the day and overnight.