Market Perspectives – July 28, 2022

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: Through the morning of Tuesday, August 2, the National Weather Service Weather Prediction Center is forecasting heavy rainfall to occur from northern New Mexico and southern Colorado eastward across parts of the southern Great Plains, Mid-South, and southern Appalachians, including some areas currently experiencing flash drought. Pockets of heavy rain also may occur in western New Mexico and portions of Arizona. Elsewhere, rainfall is forecast to remain generally spotty, with many areas staying dry or mostly dry. During this period, hot weather is forecast in the Northwest, while hot temperatures are forecast over the northern Great Plains and cooler-than-normal weather is likely in the central Great Plains during the weekend (July 30-31). Temperatures are forecast to return to near-normal levels in these areas, and then may begin to warm as Tuesday, August 2 approaches.

For the period of August 2-6, the National Weather Service Climate Prediction Center forecast strongly favors warmer than normal temperatures over the eastern two-thirds of the contiguous United States, especially in the Middle Missouri River Valley. Below normal precipitation is favored in the central Great Plains, and to a lesser extent is also favored in parts of the Midwest and eastern Great Lakes. Above normal precipitation and below normal temperatures are favored in much of the western United States. Above normal precipitation is favored in east-central Alaska, while southwest Alaska is likelier to see below normal precipitation. Most of Alaska, excepting the far northern areas, is likelier to see below normal temperatures.

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