Market Perspectives – July 27, 2023

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: Over the next 5-7 days, much of the West and the southern Plains into the South look to be quite dry. Some monsoonal moisture is anticipated over the Four Corners with light precipitation anticipated over the High Plains and Midwest. The wettest conditions are anticipated over the Great Lakes and into the Northeast as well as the Florida peninsula. Temperatures are anticipated to be above normal over the central and southern Plains and into the South. Cooler-than-normal temperatures are anticipated over the coastal areas of the West.

The 6–10 day outlooks show that there are above-normal chances of warmer-than-normal temperatures over the lower Mississippi Valley and most of the southern Plains into the Southeast as well as in the Pacific Northwest. There are also above-normal chances of cooler-than-normal temperatures over New England. The greatest likelihood of above-normal precipitation is over the Rocky Mountains and New England while the greatest likelihood of below-normal precipitation is in the Southeast.

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