Market Perspectives – July 10, 2015

U.S. Weather/Crop Progress


U.S. Drought Monitor Weather Forecast: Over the next seven days, precipitation chances look to remain the greatest over the Midwest, where 2-3 inches of rain is forecast from Illinois to Ohio. Rain chances over the west, particularly over northern California, northwest Nevada, southern Oregon and central Idaho and into the Rocky Mountains, looks to increase, with up to 2 inches possible. The northern plains looks to remain on the dry side as well as the southeast and most of Texas. Rain chances along the Gulf Coast and into Florida look favorable, with amounts up to 1 inch over most areas. Temperatures are forecast to be cooler-than-normal over much of the West and Midwest while warmer-than-normal temperatures are expected on the Plains and in the Southeast.

The 10-day outlooks show that much of the country has high chances of above-normal temperatures. The greatest chances of above-normal temperatures appear to be over the Southeast and the northern Plains. Precipitation chances are greatest over the eastern third of the country and the northern Plains while the best chances of below-normal precipitation appear to be in the southern Plains. Follow this link to view current U.S. and international weather patterns and the future outlook: Weather and Crop Bulletin.