Forecast models from the National Weather Service and private ensembles show substantial uncertainty in the overnight minimum for New York City on July 26, with projected lows clustered between 64°F and 71°F depending on cloud cover, dew points, and boundary-layer mixing. This tight range has produced nearly even market-implied odds across the 64–69°F bins as traders weigh the latest guidance showing modest radiative cooling under partly cloudy skies versus slightly warmer advection from the southwest. Historical July climatology places average lows near 68–70°F, so current consensus sits close to seasonal norms while awaiting updated model runs that could shift probabilities if dew points or wind speeds change overnight.