Market Perspectives – June 22, 2023

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: According to the Weather Prediction Center (WPC), over the next 6 days (June 22 – 27) above normal temperatures are forecast to dissipate and become more seasonal across the Great Lakes and Middle and Upper Mississippi Valley, and become confined to the south-central U.S. Parts of the Southern Plains could see record heat this week, as temperatures are likely to soar well above 100°F for many locations, with the potential for some locations to exceed 110°F. Much of the remainder of the lower 48 states is likely to experience seasonal to below normal temperatures. WPC predicts above normal precipitation across portions of the Central and Northern Plains and Upper Midwest, with the potential for several areas to receive in excess of 3 inches of rainfall. Above normal rainfall is also expected across much of the Eastern U.S., associated with a lingering storm system helping to usher in moisture from the western Atlantic.

During the next 6 to 10 days (June 27 – July 1), the Climate Prediction Center (CPC) favors near to below normal temperatures across much of California and the central Great Basin. Near to below normal temperatures are also predicted across much of the northern tier states from the Northern Plains to the Great Lakes, and southeastward into the Mid-Atlantic. Above normal temperatures are favored in the Pacific Northwest and New England. Above normal temperatures are strongly favored across the south-central U.S., with the potential for record heat across portions of the Southern Plains and Lower Mississippi Valley. Near and above normal precipitation is favored across much of the lower 48 states. However, below normal precipitation is more likely across the Four Corners region, extending eastward into the Southern Plains and Lower Mississippi Valley.

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