Big moment for Marc Marquez who was set to go quickest but he's given up on this lap.
Acosta was set to go top by seven tenths but he's crashed at the final corner.
Binder has now gone quickest - Marc Marquez has not done a second flying lap yet.
Marc Marquez fires in a low 1m 48s lap to go half a second clear of Pedro Acosta.
Acosta overtakes Binder on his opening flying lap.
The shootout for pole position is underway at Jerez.
Morbidelli and Binder will advance to Q2 at Jerez.
Binder goes second - +0.062s behind Morbidelli.
Wow! Morbidelli breaks into the 1m 47s barrier which means he's over half a second clear of Oliveira.
Pedrosa goes second quickest to make it a KTM 1-2.
Binder still leads the way from both Trackhouse Aprilias - Fernandez is ahead of Oliveira and advancing to Q2 as it stands.
Binder goes top over the initial flurry of laps, despite a very lose moment on entry to the final corner.
Binder, Miller, Pedrosa and Quartararo are all in Q1.
Here we go with Q1 at Jerez.
Acosta has produced another stunning save at turn five.
More rain is falling as Marc Marquez claims top spot in FP3 ahead of Di Giannantonio and Bagnaia.
The current top five with four minutes to go is - M. Marquez, Di Giannantonio, R. Fernandez, Vinales and Oliveira.
Just under ten minutes of FP3 remaining and it is still Marc Marquez who leads the way.
Marc Marquez is continuing to find big chunks of time as he leads Raul Fernandez by over half a second.
Marquez takes another eight tenths out of his previous best lap time. The eight-time world champion has dipped into the 1m 46s barrier.
Lap times are currently 13 seconds off what Bagnaia managed to lead the way during second practice.
Marc Marquez is leading the way early on in FP3. A reminder that it is still wet in Jerez.
Reigning MotoGP champion Francesco Bagnaia heads into qualifying as one of the clear favourites following his new lap record, while Maverick Vinales and Marc Marquez weren't far behind.
Good morning and welcome to day-two of the Spanish MotoGP. Final practice looks set to take place in wet conditions following heavy overnight rain.