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Thursday, October 8, 2020

Thursday Watch List

Markets

At 7:30 a.m. CDT, USDA's weekly export sales report, weekly U.S. jobless claims and the latest U.S. Drought Monitor will be released, followed by an update of natural gas inventory at 9:30 a.m. Weather forecasts for North and South America and the Black Sea region are also being followed, as well as any trade news that might surface.

Weather

Thursday will bring yet another day of dry conditions across all primary crop areas. Harvest and wheat planting have favorable conditions. Dry soils, warm temperatures and strong winds will bring extreme fire risk to the Plains and northern Rockies. Meanwhile, Hurricane Delta in the Gulf of Mexico is consuming all available moisture as it works northward toward landfall on the Louisiana coast Friday evening. Hurricane and flood warnings are now in effect for the U.S. Delta during the coming weekend.