The weather outlook for the Corn Belt for July continues to look good. July has started out on the cool side, but Hoosier Ag Today meteorologist Ryan Martin says that will begin to change next week, “We will begin to warm things up by the middle of next week, and I see us being above normal in temperature for the rest of July.” He is not expecting excessive heat, but certainly warmer than it has been for the past week. He also sees a dry period starting on Saturday.
Martin is forecasting timely rains and not excessive heat for July, so he sees very good pollination conditions for most of the Corn Belt. Yet he predicts U.S. corn yields will be lower than last year, “We have some problem areas where it has been too dry. Overall, I see yields not exceeding last year’s level; but, with the large planted acreage, we will not have a production problem.”
If the market is looking for a weather event to build a rally on, Martin says about the only hope is some possible heat in the Western Corn Belt, “I could see parts of Iowa and Nebraska with some weather issues in the coming weeks.” He said temperatures in the west will reach into the upper 90s and, if timely rains do not come, there could be stress in some parts of the Western Corn Belt. In addition, Martin says Michigan has some really dry areas and needs to be carefully watched.
You can get Ryan Martin’s daily forecast every morning in the HAT newsletter.