Market Perspectives – August 3, 2023

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: Over the next 5-7 days, precipitation chances are anticipated to be best over the northern Rocky Mountains, central Plains and into the Southeast where forecasted rain totals could approach 3-4 inches in places. Dry conditions will dominate the southern Plains, Southwest and along the West Coast. Temperatures will be 12-15 degrees below normal over the central Plains to the northern Rocky Mountains and 8-12 degrees above normal in the southern Plains and Southwest.

The 6–10 day outlooks show a high probability of cooler-than-normal temperatures over the Northern Rocky Mountains, central and northern Plains and into the Midwest. The best chances of above-normal temperatures are over the Southwest, southern Plains and into the Southeast. Much of the country is showing an above-normal chance of above-normal precipitation, with only the Southwest and far southern Plains having high probabilities of below-normal precipitation.

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