Market Perspectives July 19, 2013

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: Forecasts for July 19-22 show a stationary front draped across the Central Plains to Mid-Atlantic that may bring up to an inch of rain from Eastern Nebraska to the East Coast, Great Lakes and Gulf of Mexico Coast, with over 2 inches possible along the Mid-Mississippi to Ohio and Tennessee valleys. Monsoon showers could bring an inch or more of rain to the Four Corners states. Less than a quarter of an inch of rain is forecast for Oklahoma and adjoining parts of Texas, with most of the West expected to be dry. Temperatures should be near to above-normal, with the warmest anomalies (6-12 degrees above-normal) expected in parts of the West.

The NWS forecasts for July 23-31 show the highest likelihood of above-normal precipitation for the Southwest and much of the country east of the Mississippi, with below-normal precipitation from the Northwest to the Central and Southern Plains. The Northeast may expect cooler-than-normal temperatures with the highest likelihood of above-normal temperatures from the West to Great Plains. Follow this link to view current U.S. and international weather patterns and the future outlook:Weather and Crop Bulletin