Market Perspectives – December 22, 2022

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: As the current week leading up to Christmas Day comes to a close, a powerful storm system will drag a strong Arctic cold front through much of the central and eastern U.S. to the east of the Rocky Mountains. Light to moderate precipitation amounts, much of it in the form of snow in the central Great Plains and Midwest, will transition to heavier precipitation as the storm system strengthens in the Great Lakes region late in the week. Moderate to heavy precipitation accumulations are likelier in the eastern Great Lakes, Northeast and Mid-Atlantic. Into early next week (the week of Monday, December 26), heavier precipitation is also likely in northern Idaho and in far northwest California, western Oregon and western Washington.

Looking ahead to December 27 through New Year’s Eve, the National Weather Service Climate Prediction Center’s outlook favors warmer-than-normal temperatures in most of the Lower 48, with the exception of most of the Southeast region. Above-normal precipitation is strongly favored in much of the West, moderately favored from the Great Lakes south to the Gulf Coast and slightly favored in the Central and Northern Great Plains. Below-normal precipitation is favored in central and southern Texas and in New England. In Alaska, above-normal precipitation is favored in the southern half of the state, above-normal temperatures are favored in southeast Alaska and below-normal temperatures are favored in the northwest half of Alaska. For the period spanning December 29 through January 4, above-normal temperatures are favored over the entire Lower 48, and above-normal precipitation is favored over most of the Lower 48 as well. Above-normal precipitation is favored in southern Alaska, while temperatures are likely to vary from warmer than normal in the southeast to colder than normal in the Northwest.

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