Market Perspectives – July 18, 2014

U.S. Weather/Crop Progress


U.S. Drought Monitor Weather Forecast: During the period of July 18-21, moderate-to-heavy rains are expected from the central Rockies southeastward to the lower Delta, and then into the Southeast. Florida should also see moderate rains. The largest amounts (3- 6 inches) are forecast for the Red River Valley and eastward into Arkansas. The West will be seasonably dry, and the southwest monsoon is predicted to be quiet, with only light totals (<0.5 inches) in eastern Arizona and New Mexico. The northern Rockies and Plains, plus the Midwest, should be mostly dry. Subnormal temperatures are forecast for the West Coast and eastern half of the Nation, with above-normal readings expected in the Rockies and northern Plains.

For the ensuing period of July 22-26, the odds favor above-median precipitation in the eastern half of the U.S. and Pacific Northwest, with below-median rainfall likely in the Great Basin, Rockies, High Plains, and south Texas. Temperatures are expected to average below normal in the Pacific Northwest, but likely to be above-median in the Southwest, Rockies, Plains, Great Lakes region, and New England.Follow this link to view current U.S. and international weather patterns and the future outlook: Weather and Crop Bulletin.