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Thursday, June 18, 2020

Thursday Watch List

Markets
Thursday morning is busy with weekly grain export sales, U.S. jobless claims and an update of the U.S. Drought Monitor all due out at 7:30 a.m. CDT. Natural gas inventories follow at 9:30 a.m. Traders continue to watch the latest weather forecasts, any trade news and the ongoing quest for possible coronavirus vaccines and treatments.

Weather
A front slowly moving across the middle of the country will produce widespread moderate rainfall and a small risk for some severe weather from the western Midwest down through the Southern Plains Thursday. This will start a period of disruption to the wheat harvest, but benefit summer crops looking for more moisture.