Markets
Another busy Thursday morning starts with weekly export sales, U.S. jobless claims, the July U.S. trade deficit and an update of the U.S. Drought Monitor, all at 7:30 a.m. CDT. U.S. natural gas inventory is at 9:30 a.m. CDT. The latest weather forecasts and any trade news will also be watched.
Weather
Thursday will be dry across most primary crop areas. Rain will be confined to the northern Great Lakes, Ohio Valley and southeast Texas to portions of the Deep South. Temperatures will be cooler in northern areas and very warm to hot elsewhere. Frost and freeze chances for next week are much lower than indicated earlier this week. The Australia Southern Oscillation Index (SOI) 30-day value for the equatorial Pacific Ocean is plus 10.72, indicating a weak La Nina event.
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