Market Perspectives – July 13, 2023

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: According to the Weather Prediction Center (WPC), over the next 5 days (July 13 – 17) heavy precipitation is expected across Missouri and adjacent areas, where some of the most acute rainfall deficits have been observed recently. Amounts of 1.5 to locally over 3.0 inches are expected. Similarly heavy rains are anticipated in the eastern Lower Mississippi Valley, the central Appalachians, the southeastern Great Lakes Region, much of New England and the adjacent Northeast, parts of the mid-Atlantic Region, and southern Florida. Additional flooding is possible in portions of New England. Light to locally moderate rain is anticipated in most other locations east of the Mississippi River and across the central and south-central Great Plains. In contrast, most of Texas should see little if any precipitation, and seasonable dryness is expected west of the Rockies. Hot weather is anticipated along the southern tier of the country from the desert Southwest eastward through much of Florida, especially later in the period.

During the ensuing 5 days (July 18 – 22), the Climate Prediction Center (CPC) favors above normal temperatures across most of the contiguous 48 states, with odds leaning toward near or slightly below normal temperatures only in most of Washington, and in a swath from the northern Plain eastward across the upper Midwest and northern Appalachians through the lower Northeast. Dry weather is favored to continue across Texas and in most of the Intermountain West and Northwest. Increasing monsoonal activity is expected in southern Arizona and adjacent areas, where odds slightly favor above-normal precipitation. A slight tilt of the odds toward wetter than normal weather also covers the central and northern Plains, the Northeast and adjacent mid-Atlantic Region, and southern Florida.

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