Reports for Thursday will lead off with the Petroleum Status report from the Energy Information Administration at 9:30 a.m. CST, which will include last week's ethanol production. At around noon, the Buenos Aires Grain Exchange will release their weekly crop update, which will be interesting given the recent dryness in Argentina. Later in the afternoon at 2 p.m. CST, USDA will release both their weekly slaughter report and monthly slaughter (December) report.
Weather
Some showers are ongoing over the Southeast with lake-effect snow in the Great Lakes into the Northeast on Thursday morning. But an intense arctic cold front is dropping south into the Northern Plains and Upper Midwest and will spread southward throughout the day. Though it will not create much precipitation, a sharp drop in temperature will be noted. This front will set up a significant winter storm for the southern half of the country starting on Friday.