Market Perspectives – July 2, 2015

U.S. Weather/Crop Progress


 U.S. Drought Monitor Weather Forecast: Over the next seven days, a significant system will continue to push through the Tennessee River Valley, with the heaviest rains projected to be centered over southern Missouri, northern Arkansas and Tennessee where amounts could surpass 5 inches. In general, it looks to be a fairly active summer pattern over the United States, with many areas having the opportunity for rain. The central plains (up to 1.40 inches), southern Rocky Mountains (up to 2.0 inches), and south Texas (up to 1.60 inches) look to be the areas of the greatest precipitation potential. With the rain potential, temperatures over most of the country are expected to be 3-5 degrees below normal. The Pacific Northwest is the anomaly as dry conditions are expected to continue and daytime high temperatures are expected to be 12-15 degrees above normal.

The 10-day outlooks show that the best chances for below-normal temperatures are over the high plains and Midwest. The greatest chances of above-normal temperatures will continue to be in the Pacific Northwest as well as over much of the Gulf Coast and Florida. The greatest probability of above-normal precipitation will be from the Great Basin into the central plains and up into the northeast. Below-normal precipitation chances are greatest over the Gulf Coast and Florida, the northern high plains, and the Pacific Northwest. Follow this link to view current U.S. and international weather patterns and the future outlook: Weather and Crop Bulletin.