When a speaker says ``some students passed'', listeners infer that not all of them did. Reasoning models now let users decide how long a model thinks before it answers, but we do not know what extra thinking does to such everyday inferences. We study this directly: we keep a model's weights fixed, change only how much it thinks, and record which reading it chooses. A second tool cuts the model's own reasoning at successive points and asks for an answer, showing where the reading changes. Thinking makes models read logical words as logic: it cancels the implicatures of \emph{some} (\emph{not all}) and \emph{or} (\emph{not both}) in most tested open reasoning models and in GPT-5, while context-driven inferences such as indirect answers improve. The trace shows why: models first entertain the enriched reading and cancel it later. Answering from that early reading, an exploratory inference-time remedy, recovers these implicatures without losing literal accuracy. Evaluations of reasoning models should measure how they interpret, not only how accurate they are.

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