Market Perspectives – July 8, 2021

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: The National Weather Service Weather Prediction Center forecast for the remainder of the week (July 8 -13) shows tropical storm conditions and rainfall from Elsa will continue across parts of Florida and into the Southeast. Other areas expecting excessive rainfall include the Texas coast, Midwest, and Northeast. In the West, the hot weather will continue with daytime highs well into the 90s and lower 100s.

Moving into next week, the Climate Prediction Center six-to-10-day outlook (valid July 13-17) favors above normal temperatures across much of Alaska, the West, northern Plains and Northeast. Below normal temperatures are most likely across the Southern Plains. Below normal precipitation is expected across Alaska, the Northwest, Northern Plains, and Florida while above normal precipitation is favored along a band stretching from the Southwest, across the Midwest, and into the Northeast.

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