Market Perspectives – August 18, 2022

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: The next five days could see heavy rainfall and improvement across a large part of northern Texas and southern Oklahoma eastward along the Arkansas/Louisiana border. Amounts of 2 to 3 inches are expected to be widespread here, with small areas south of the Texas Panhandle and in southeastern Oklahoma expecting over 4 inches of rain. Farther west, the robust monsoon looks to continue unabated. Between 2 and 4 inches are expected over southern sections of the Four Corners Region. But monsoon moisture is not expected to bring tropical moisture and heavy rainfall north of the central Rockies. Farther east, the rest of the southern tier of states are expected to get near or above an inch of rain, with bands of heavier rainfall expected in the Carolinas, southeastern Georgia and the central Gulf Coast. Much of the Upper Midwest and northern Ohio Valley should get several tenths to nearly 2 inches of rain, although the highest totals should be highly isolated. In stark contrast, little or no rain is expected over the contiguous states to the north and west of Kansas. In New England, where dryness has been intensifying rapidly, only a few tenths of an inch of rain are forecast in the areas of moderate to extreme drought along and near the I-95 corridor. Well above average temperatures will exacerbate dryness from the central Rockies northward and westward. Five-day average temperatures could exceed +9 deg. F above normal over the Great Basin and northern Intermountain West. Meanwhile, the southern tier of states – where heavy precipitation is expected – are forecast to average at least 3 deg. F below normal. Temperatures will be close to normal elsewhere, though they could sneak a few degrees above normal in part of New England.

For August 23-27, Odds favor a continuation of above normal temperatures from the Great Basin northward to Canada and westward to the Pacific Coast. In addition, enhanced chances for above-normal temperatures cover the Northeast, the eastern mid-Atlantic region, the immediate south Atlantic Coast, and Florida. Subnormal temperatures are favored from the southern half of the Rockies eastward through the central Plains, middle Mississippi Valley, lower Ohio Valley, and interior Southeast. At the same time, above-normal precipitation is at least slightly over a large area covering the desert Southwest, Intermountain West, Rockies, central and southern Plains, the lower half of the Mississippi Valley, the Ohio Valley, the lower Midwest, Appalachians, and most of the Eastern Seaboard from Georgia through southern Maine. The best chances for abnormally heavy rain extends from northeastern Texas and eastern Oklahoma northeastward through the Tennessee and adjacent Ohio Valleys.

Follow this link to view current U.S. and international weather patterns and future outlook: Weather and Crop Bulletin.