Markets
After Wednesday's broad, commodity-based selling related to coronavirus concerns, we have to say the daily U.S. infection count will probably get traders attention Thursday. At 7:30 a.m. CDT, USDA will release its weekly export sales report, the U.S. Labor Department will release weekly jobless claims, the Commerce Department will report on third-quarter GDP and the U.S. Drought Monitor will be updated. The International Grains Council will issue its monthly Grain Market Report Thursday morning and at 9:30 a.m. CDT, the Energy Department will report on natural gas inventory.
WeatherModerate to heavy rain is in store for the eastern Midwest, southeastern Plains and Southeast Thursday, causing harvest disruption along with flooding. Damaging tropical storm-force winds are also in store in the Southeast. Other crop areas will be dry with improving harvest conditions