Market Perspectives – June 21, 2018

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: Over the next 5-7 days, an active weather pattern continues to slowly move east out of the Plains and into the Midwest, bringing with it cooler temperatures and very heavy rain. The areas forecast to have the greatest precipitation are in the northwest portions of Iowa southeast into southern Indiana, the Gulf coast of Texas, and northeast Oklahoma, northwest Arkansas, and southwest Missouri. Much of the eastern two-thirds of the country is expecting precipitation while the West and Southwest will remain dry. Temperatures will remain below normal in the areas of the Plains and Midwest where the greatest precipitation occurs while the West and Southwest should expect daily high temperatures to be 8-10 degrees above normal.

The 6- to 10-day outlooks show that the chances for above-normal temperatures remain quite high over most of the United States, with the exception the northern Rocky Mountains and the Pacific Northwest. The wet pattern looks to continue as the central and northern Plains, Midwest, and South all are showing above-normal chances of recording above-normal precipitation, with the greatest chances over the Midwest. Higher than normal chances of below-normal precipitation look to be projected from the Pacific Northwest southeast into Texas during this time as well.

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