Market Perspectives – June 29, 2023

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: Through the evening of Monday, July 3, the National Weather Service Weather Prediction Center is forecasting widespread rain, locally heavy, to fall from southeast Wyoming and northeast Colorado eastward across Nebraska and northern Kansas, southern Iowa and northern Missouri, and farther east into the Midwest and Ohio River Valley. Rainfall amounts in central Illinois may exceed 3 inches locally. Widespread moderate and locally heavy rainfall amounts are forecast in parts of the Appalachian Mountains as well. Locally heavy rains are forecast in southern Florida during this period as well. West of the Continental Divide, mostly dry weather is expected.

Looking ahead to the period from July 4-8, the National Weather Service Climate Prediction Center forecast favors above-normal precipitation across much of the contiguous U.S., especially from eastern Idaho through Nebraska and northern Kansas. Below-normal precipitation is favored in Arizona and in western Washington and northwest Oregon. Below- or near-normal temperatures are favored in the northwestern Great Plains, while above-normal temperatures are likely in the south-central U.S., south Florida and the eastern Great Lakes, with warmer-than-normal temperatures slightly favored across much of the eastern and southern U.S., excluding southern California and the southern Appalachians. Warmer-than-normal temperatures are also strongly favored in the Pacific Northwest. Wetter-than-normal weather is favored across Alaska, except for the Panhandle, where below-normal rainfall is favored. Warmer-than-normal temperatures are slightly favored in the north slope and Arctic Coast regions of Alaska, and in the far southeastern Alaska Panhandle. Cooler-than-normal conditions are favored across roughly the southwestern half of Alaska.

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