The cortical local field potential (LFP) is a summation signal of excitatory and inhibitory dendritic potentials that has recently become of increasing interest. We report that LFP signals in the parietal reach region (PRR) of the posterior parietal cortex of macaque monkeys have temporal structure that varies with the type of planned or executed motor behavior. LFP signals from PRR provide better decode performance for reaches compared to saccades and have stronger coherency with simultaneously recorded spiking activity during the planning of reach movements than during saccade planning. LFP signals predict the animal's behavioral state (e.g., planning a reach or saccade) and the direction of the currently planned movement from single-trial information. This new evidence provides further support for a role of the parietal cortex in movement planning and the potential application of LFP signals for a brain-machine interface.