Market Perspectives – January 27, 2022

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: During the next 5 days, the only major storm system to affect the country will develop near the southern Atlantic Coast and move northward. The potential exists for significant accumulations of wind-driven snow, starting Friday night and continuing into the weekend, from the middle Atlantic Coast into New England. Most of the remainder of the country will receive little or no precipitation, although exceptions during the next couple of days will include rain from southern Texas to Florida’s peninsula and snow squalls downwind of the Great Lakes. In addition, precipitation should begin to overspread the Northwest during the weekend. Elsewhere, frigid conditions will linger during the next several days from the Midwest into the Northeast, while areas as far south as Florida’s peninsula may experience sub-freezing temperatures as January draws to a close.

The NWS 6- to 10-day outlook for February 1 – 5 calls for the likelihood of above-normal temperatures in the eastern U.S., while colder-than-normal conditions will prevail along and west of a line from central Texas to Lake Michigan. Meanwhile, below-normal precipitation in the Far West, including northern and central California and the Great Basin, should contrast with wetter-than-normal weather in most areas from the central and southern Rockies to the Atlantic Coast.

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