Market Perspectives – July 23, 2020

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: For July 23-27, the Southwest Monsoon is predicted to fire up, dropping locally 2 or more inches of rain across parts of the Four Corners states, and up to an inch of rain is forecast over parts of the northern Rockies. Otherwise, the West is expected to be mostly dry. A tropical system may bring up to 4 inches of rain along the western Gulf of Mexico coast and up to 2 inches over southern Florida, while frontal systems could leave one to 3 inches of rain over parts of Nebraska, the northern Plains to western Great Lakes, parts of the Midwest to Appalachians, the Mid-Atlantic coast, and parts of the Northeast. In between these systems, large swaths of the southern and central Plains to Southeast and southern Great Lakes have less than an inch of rain in the forecast. Temperatures are predicted to continue warmer than normal for most of the CONUS.

The outlook for July 28-August 1 calls for wetter-than-normal conditions across the Southwest to Mid-Atlantic region and most of Alaska, and drier-than-normal conditions in the Pacific Northwest to Great Basin, northern Plains to Great Lakes, and much of the Northeast, as well as southeast Alaska. Odds favor warmer-than-normal conditions for most of the West, northern Plains to Great Lakes, eastern Gulf Coast, all along the Eastern Seaboard, and across the Aleutians in Alaska. Cooler-than-normal temperatures are likely across the southern to central Plains and across most of Alaska.

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