Market Perspectives – December 15, 2022

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: According to forecasts from the National Weather Service (NWS) Weather Prediction Center, as the weekend progresses into early next week, most areas east of the Rocky Mountains may expect near- or slightly below-normal temperatures. Meanwhile, a much-colder-than-normal airmass should build into the northern Great Plains. Widespread precipitation is forecast for the Great Lakes region through Monday evening, and from the southern Appalachians into the Northeast.

From December 20-28, the NWS Climate Prediction Center outlooks suggest that this cold airmass will spill into parts of the central and eastern U.S., where high confidence forecasts of below-normal temperatures exist. In parts of California and Nevada, forecasts lean toward above-normal temperatures during this period, especially from December 22-28. Precipitation forecasts lean toward above-normal precipitation for the Northern Rockies, Pacific Northwest, Northern Great Plains, and Northeast from December 20-28. Drier-than-normal weather is favored in the Desert Southwest, Southern Great Plains, and the Ohio and Tennessee River valleys. For Alaska, above-normal precipitation is favored in the southern part of the state, while below-normal precipitation is favored in the northern part of the state. The temperature forecasts vary more between the 6-10 and 8-14 day periods, but generally, below-normal temperatures are more likely in eastern Alaska, while the Aleutian Islands are more likely to see warmer-than-normal temperatures.

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