Market Perspectives – August 16, 2018

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: Since the Tuesday morning cutoff time of this week’s USDM, heavy rain has fallen across some of the drought areas in Missouri, with additional rain over Kansas; rain was moving across Nebraska and South Dakota in the Plains and into the Ohio Valley and across parts of the Northeast; and monsoon precipitation had overspread parts of the Southwest.

For August 16-20, dry weather will continue across the Far West and much of Texas; monsoon showers will bring a few tenths of an inch to locally over an inch of rain to the Southwest; and fronts and low pressure systems will bring over an inch of rain to a large area stretching from the central and northern Plains, across the Midwest, to most of the Southeast and Northeast, with up to half an inch to an inch across the Rockies to High Plains. Less than an inch of rain is expected for parts of the Great Lakes, Florida, and the Mid-Atlantic. Temperatures are expected to be warmer than normal across the West and cooler than normal in the Great Plains, with near-normal temperatures east of the Mississippi River.

For August 21-29, odds favor below-normal precipitation across the Pacific Northwest to northern Plains, and above-normal precipitation for the Southwest to Southeast, Ohio Valley to Great Lakes and the Northeast. There is a higher probability for warmer-than-normal temperatures in the West, along the Gulf of Mexico coast, and along the East Coast, while cooler-than-normal temperatures are favored to dominate the Plains to Midwest.

Follow this link to view current U.S. and international weather patterns and future outlook: Weather and Crop Bulletin.