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  • Intellicast Forecasts Above Normal Precip For August, And NOAA Gives Good Insight To The Precip For July. 0 comments
    Aug 1, 2013 11:10 AM | about stocks: SPY, SOYB, CORN, WEAT, GLD, SLV, USO, JPM, C, BAC

    Here is the forecast for precipitation in the Month of August.

    (click to enlarge)

    Here is what happened in July precip according to NOAA. See areas of 6-8 inches of rain in the circled area. (Normal is 4 inches per the next image below)

    (click to enlarge)

    NOAA's normal precip map.

    (click to enlarge)

    Conclusion, August will be wetting than normal and the crops are already wet and wet. We see a complete washout for the soybean as they don't like the wet conditions... in addition to a great corn crop as they love the rain.

    Be careful.

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