Market Perspectives July 20, 2017

U.S. Weather/Crop Progress


U.S. Drought Monitor Weather Forecast: In the two days since the Tuesday morning cutoff time of this week’s USDM, additional frontal storms have moved across the northern and central Plains, and monsoon showers and thunderstorms have brought additional rain to parts of the Southwest. For July 20-24, 1 to locally 4 inches of rain is forecast for the Four Corners States and from the eastern Dakotas to the Northeast, and half an inch to an inch is predicted for the central to northern Plains and most of the country along and east of the Mississippi River. Areas expecting little to no rain include much of the West from California to central Montana, most of Texas, and parts of the western Carolinas. Temperatures are forecast to be above normal for most of the CONUS. Little relief from the heat can be expected as above-normal temperatures are in the outlook for most of the CONUS for July 25-August 2, with only the Northeast and parts of the coastal Northwest maybe having cooler-than-normal temperatures. Odds favor below-normal precipitation for the Pacific Northwest to northern Rockies, and most of the Plains into the Midwest. Above-normal monsoon precipitation is likely to continue for the Southwest. The Northeast may start out drier than normal, then turn wetter than normal. 

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