Market Perspectives – July 5, 2019

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: During the next 5 days (July 3 – 7, 2019), much of Florida, southeastern Georgia, and the eastern Carolinas are expecting between 1 and 2 inches of rain, and over an inch is also anticipated in central and eastern sections of northern Minnesota. But other areas of dryness and drought across the contiguous 48 states should receive less, likely providing little if any benefit. Areas of North Dakota and western Minnesota along the Canadian border anticipate a few tenths of an inch, as do most areas from Texas eastward through central and north Georgia. Little precipitation, if any, is forecast for the dry areas from west Montana and the Pacific Northwest southward through the Far West, Great Basin, and Four Corners region. Unusually mild weather from the north Intermountain West through the northern Plains should at least slow any tendency toward increasing dryness there, but hotter-than-normal conditions in the Southeast may temper benefits that might result from moderate rainfall.

The CPC 6-10 day outlook (July 8-12, 2019) favors wetter-than-normal weather in the Southeast, the northern Plains, north and west Texas, the northern Intermountain West, and the Alaska Panhandle. Meanwhile, enhanced chances for abnormally dry weather exist in south Texas and in parts of western Washington and Oregon. The mild temperatures expected during the first week of July should continue in east Montana and the western Dakotas, but abnormally warm weather is favored in the West Coast states, the Intermountain West, the southern Plains, and the southeastern quarter of the country.

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