Market Perspectives – July 16, 2020

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: During the next 5 days (July 16-20), WPC’s QPF forecasts light to moderate (1 to 3 inches) rains across the middle Mississippi River Valley, upper Midwest, and southern Florida. Lighter totals are expected in the southern Rockies and south-central High Plains, along the central Gulf Coast, and in the Appalachians. Little or no rain is anticipated in the West, southern Plains, portions of the Southeast, and along the Northeast Coast. Most of the lower 48 States should expect above-normal temperatures, with subnormal readings limited to the northern Plains.

The Climate Prediction Center’s 6-10-day outlook (July 21-25) favors above-normal rainfall across the northeastern quarter of the contiguous U.S., along the western Gulf Coast, in Arizona and Utah, and in western Alaska. Odds for subnormal precipitation are likely in the Pacific Northwest, the central Plains, and along the southern coast of Alaska. A tilt toward above-normal temperature probabilities were found across much of the lower 48 States and along Alaska’s southern coast, but highest odds were found in the central Plains and northeastern quarter of the Nation. Subnormal readings were limited to the northern two-thirds of Alaska.

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