Market Perspectives – June 30, 2022

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: Through the evening of Monday, July 4, the National Weather Service Weather Prediction Center is forecasting dry weather across roughly the western two-thirds of Texas, much of Oklahoma, and most of the Intermountain West. Some precipitation is forecast across parts of Colorado and the Lower Missouri River Valley. Along the Gulf Coast, widespread precipitation is forecast to occur, with the heaviest amounts centered over parts of the Texas coast, where a tropical disturbance will approach. Heavy rainfall is also possible in coastal portions of Georgia and South Carolina. Elsewhere, pockets of moderate to heavy precipitation may fall across parts of the Southeast, mainly in the southern Appalachians or closer to the coasts.

For the period from Wednesday, July 6 to Saturday, July 9, the National Weather Service Climate Prediction Center forecast favors above-normal precipitation across much of the Upper Midwest, northern Great Plains, and Ohio River Valley. To a lesser extent, above-normal precipitation is also favored in remaining areas of the U.S., except for northern New England, where equal chances for above- or below-normal precipitation exist. Below-normal precipitation is favored in much of Texas and Oklahoma, and across most of the West, with the highest probabilities for below-normal precipitation occurring across northeast Nevada, northern Utah, southern Idaho, and western Wyoming. The forecast slightly favors above-normal precipitation in Washington, and above-normal precipitation is favored in western and central Alaska, while below-normal precipitation is favored in the Alaska Panhandle. A large area of high probabilities for warmer than normal temperatures exists across the central U.S., especially from the Great Plains to the Missouri and Mississippi River valleys. Above-normal temperatures are also favored in parts of the West and Southeast. Within the contiguous U.S., the only locations where below-normal temperatures are favored for this period are central and northern California to western Oregon and Washington, and New England. In Alaska, cooler than normal temperatures are favored in the west, and above-normal temperatures are favored in the east.

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