Thursday will feature the start of the USDA Ag Outlook Forum with the release of USDA's Commodity Outlook documents at 6 a.m. CST, which will include early forecasts for the 2026-27 marketing years. Later, at 9:30 a.m. CST, the EIA will release their weekly Petroleum Status Report with last week's ethanol production. At 10:15 a.m. CST, new USDA Chief Economist Justin Benavidez will speak regarding USDA's outlook.
Weather
Swaths of heavy snow could develop across Iowa and southern Wisconsin Thursday, and snow totals could exceed eight inches in some spots. The same storm system could also produce locally strong to severe thunderstorms across the Ohio Valley where damaging winds and hail will be the main threats with any stronger storms. A few isolated tornadoes cannot be ruled out.