Energy Report: 100 Million Barrels

Natural Gas and grains are looking at the possibility of a very hot and dry stretch of weather. Top-notch weather service forecaster Bret Walts at Bamx.com says that overall, the biggest heat in the next 7-10 days will be across North Dakota, South Dakota, and Minnesota for the Ag Belt. Generally, these are the areas that have struggled the most with drought conditions. While a few areas, especially SD, may get some rain this weekend (locally heavy but not widespread) these same areas will see little moisture in the next 7-10 days or so. 

Elsewhere, the Ohio Valley to the East Coast and the southern tier of the U.S. stays more seasonable to the cooler so no major spikes in cooling demand coming up. We'll need to watch 10 days from now for some better moisture chances to return across the Midwest but whether it's heavy or widespread enough to continue to put dents in this drought, remains to be seen.

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