Market Perspectives – August 4, 2022

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: From Thursday, August 4 to the evening of Monday, August 8, the National Weather Service Weather Prediction Center is forecasting moderate to heavy precipitation in parts of Arizona, western and northern New Mexico, high elevation areas of Colorado, northwest Wyoming, and localized areas of east-central California, central Nevada, and western and northern Utah. Widespread precipitation is also forecast in parts of the Upper Midwest, Middle Mississippi River Valley, Ohio River Valley, and southern Appalachians. Some precipitation is also forecast in western parts of the Northeast region, and along the Louisiana Gulf Coast.

For August 9-13, the National Weather Service Climate Prediction Center’s precipitation forecast favors above-normal precipitation near and west of the Continental Divide, especially in eastern Nevada and most of Utah. Farther east, below-normal precipitation is favored in the Central Great Plains and Upper Midwest. A narrow swath from southern Texas northeast to southern New England is slightly favored for above-normal precipitation. In Alaska, above-normal precipitation is favored in the east, while below-normal precipitation is favored in the southwest part of the state. Below-normal temperatures are strongly favored in most of Alaska, especially in west-central areas. Below-normal temperatures are slightly favored in most of Arizona, southern Nevada, and southeast California. Above-normal temperatures are favored across most of the Great Plains, Pacific Coast, and Northwest, especially from western Nebraska to the Dakotas and eastern Montana. Above-normal temperatures are also favored for most areas along the East Coast.

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