Market Perspectives – July 21, 2022

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: Over the next 5-7 days, it is anticipated that wet conditions will continue over the Southeast and along the Gulf Coast. Areas of the Midwest will also continue with the recent wet pattern, with the greatest rains anticipated over southern Wisconsin. Dry conditions will dominate the West and South and monsoonal moisture will continue to bring rains to the Four Corners region and into the central Plains. Temperatures during this time will be above normal for most of the country; the greatest departures of 6-9 degrees above normal will be over the West and into the Plains. Cooler-than-normal conditions will be experienced over the northern Plains, where temperatures in North Dakota are anticipated to be 6-9 degrees below normal.

The 6-10 day outlooks show that the West, South, Midwest and East Coast have the best chances to record above-normal temperatures, with the best chances over the South and Pacific Northwest. The best probability for below-normal temperatures will be over the northern Plains, southern Arizona and Alaska. The best chances of above-normal precipitation appear to be over the central to southern Plains, Southwest and Midwest, with the best chances over Kansas, Oklahoma, and Kentucky. Below-normal precipitation chances are best over the Pacific Northwest and into portions of the Southeast.

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