Market Perspectives – May 5, 2022

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: The NWS WPC 7-Day Quantitative Precipitation Forecast (QPF) calls for moderate-to-heavy liquid (liquid = rain + SWE) precipitation accumulations ranging from 2 to 5+ inches across eastern portions of the Central and Southern Plains and the Lower Mississippi Valley. In the Lower Midwest and the Mid-Atlantic, precipitation totals are expected to range from 1 to 3 inches. Out West, accumulations ranging from 1 to 5 inches are forecasted for the coastal ranges and the Cascades of western Oregon and Washington. Further inland, lighter accumulations (< 2 inches) are expected in the Northern Rockies of Idaho, Montana, and Wyoming. Further south, conditions are expected to be dry across California, the Great Basin, and the Desert Southwest.

The CPC 6-10-day Outlooks calls for a moderate-to-high probability of above-normal temperatures across the eastern two-thirds of the conterminous U.S. with exception of some coastal areas of the Mid-Atlantic and Florida. Below-normal temperatures are expected across much of the West with exception of eastern portions of Colorado and New Mexico where there is a low-to-moderate probability of above-normal temperatures. In terms of precipitation, the wetter-than-normal pattern is expected to persist across the northern tier of the West as well as in areas of the Great Plains. In coastal areas of the Far West, near-normal precipitation is expected. Across much of the eastern half of the conterminous U.S., including areas of the Southern Plains, Lower Midwest, Mid-Atlantic, and the Northeast, there is a moderate-to-high probability of below-normal precipitation.

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