Market Perspectives July 12, 2013

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: Conditions through July 15 favor wet weather across most of the of the Nation that lies east of the Ohio and Mississippi Rivers, with heavy rains forecast from the Gulf Coast to the Mid-Atlantic. Some rains associated with the North American Monsoon are also likely during the next five days across Arizona and Colorado, largely bypassing New Mexico. Generally, less than 1.0 inches of rain is forecast across the area from Texas to Illinois, California and the Pacific Northwest.

For the ensuing five days (July 16-20), the odds favor above-median precipitation over the southern Rockies, the Northern Great Plains, Western and Central Gulf Coasts and from the Great Lakes to the Mid-Atlantic. Dry conditions are likely across the Pacific Northwest and the Central Great Plains. Temperatures are likely to be above-normal west of the Continental Divide, and from the Midwest to the Northeast, with below-normal temperatures favored over New Mexico and the Southeast. Follow this link to view current U.S. and international weather patterns and the future outlook:Weather and Crop Bulletin