Market Perspectives – November 3, 2022

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: A cold front passes through bringing showers late this week that spread south to Texas and north to Minnesota and Wisconsin. This moisture will bring some help to the Mississippi River, though not enough. The system will skip over the western and southwestern Plains.

The Climate Prediction Center’s 6-10 day outlook (valid November 8-12) has it continued colder and wetter in the West, with near normal temperatures and precipitation in the Midwest, and above normal warmth and moisture in the East. Below normal moisture continues in the lower Mississippi Valley.

The longer-term forecast has a 75 percent chance of La Niña in the Northern Hemisphere winter (December – February), then dropping to a 54 percent chance in March 2023.

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