About this Market

Official PAGASA forecasts for Metro Manila indicate a high of 31–32°C on July 21 amid the southwest monsoon, with 40–60% rain chances and frequent cloud cover that limits daytime solar heating. This aligns closely with the tight market clustering around 32°C and 33°C, as traders weigh typical July climatology—average highs near 31°C—against variability in shower timing and intensity. Thunderstorms or breaks in cloud cover could push maxima to 33–34°C, while persistent rainfall would cap them at 31°C or lower; urban heat island effects in Manila add modest upward bias. Updated PAGASA briefings and model runs over the next 48 hours will refine these thresholds ahead of market resolution.