Market Perspectives – July 25, 2014

U.S. Weather/Crop Progress


U.S. Drought Monitor Weather Forecast: During July 24-28, wet weather is forecast for the eastern third of the Nation, Pacific Northwest, and parts of the northern and south-central Plains. Later in the period, some monsoonal moisture is expected to trek northward into Arizona, New Mexico, and Colorado and trigger scattered light to moderate showers. Little or no precipitation for the five-day period is expected in California and the Great Basin, north-central Rockies, southern Plains, and central Great Plains. Temperatures should average below normal across the northern tier of States and above normal across the southern third of the U.S., with the greatest positive departures in the Southwest.

For the ensuing period of July 29-August 2, the odds favor above median precipitation from the eastern Great Basin and Arizona southeastward along the Gulf Coast and northeastward along the southern and middle Atlantic Coast. Sub-median precipitation is likely in the Pacific Northwest, and from the northern Plains and upper Midwest southeastward into the Tennessee Valley. An expected strong ridge of high pressure over the Far West and a deep trough over the eastern U.S. will favor strong chances of above-median temperatures in the West and below-median readings in the eastern half of the U.S.Follow this link to view current U.S. and international weather patterns and the future outlook: Weather and Crop Bulletin