Market Perspectives – July 7, 2022

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: A major heat wave is forecast to affect much of the south-central U.S. through at least July 7 or 8 with the anomalous heat becoming centered across the Southern Great Plains and West by mid-July. A swath of heavy rainfall (1 to 3 inches, locally more) is forecast from the Middle Mississippi and Ohio Valleys southeastward to the Mid-Atlantic States from July 7 to 11. Mostly dry weather is expected for the Northeast, Gulf Coast States, Lower Mississippi Valley, and Southern Great Plains. Monsoonal rainfall is forecast to be lighter compared to late June.

The Climate Prediction Center’s 6-10 day outlook (valid July 12-16, 2022) favors above-normal temperatures throughout the West, Great Plains, and Gulf Coast States. Below-normal temperatures are more likely for the Great Lakes and Midwest. Below-normal precipitation is favored for the northern Great Plains and Middle to Upper Mississippi Valley. Probabilities for above-normal precipitation are elevated across eastern Alaska, the Great Basin, Southwest, Southern Great Plains, and along the East Coast.

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