Market Perspectives – October 20, 2022

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: During the next five days (October 20-24), the storm system over the Great Lakes is forecast to move northeastward into Canada, but bring some additional light precipitation to parts of the northern and eastern Great Lakes. Surface high pressure is expected to dominate much of the eastern lower 48. However, a storm system is predicted to spin up off the coast of the Carolinas bringing the potential for rainfall along portions of the Eastern Seaboard. In the West, an active storm pattern is expected, with the potential for upwards of 3 inches of precipitation for the higher elevations of the Pacific Northwest and upwards of 2 inches across portions of the Intermountain West. The first of two systems is expected to intensify over the central U.S. leading up to October 24, bringing increased precipitation chances to much of the Great Plains and the Mississippi Valley. Below-normal temperatures are expected to shift eastward from the West Coast to the Great Plains, associated with the storm system entering the West during the weekend. Ahead of this system, southerly flow is expected to keep temperatures near and above-normal, with the largest anomalies shifting eastward from the Great Plains to the eastern U.S.

The Climate Prediction Center’s 6-10 day outlook (valid October 25-29), predicts increased chances of below-normal temperatures for southeastern Alaska and the western half of the contiguous U.S. (CONUS). Southerly flow and above-normal temperatures are favored from the Mississippi Valley to the East Coast. An active storm track is forecast across the Northeast Pacific, leading to above-normal precipitation odds across much of Alaska and extending into the Pacific Northwest. Low pressure is forecast to develop east of the Rockies bringing the potential for above-normal precipitation to much of the southeastern CONUS. Conversely, in the Southwest, below-normal precipitation is favored as the storm track is expected to remain farther northward.

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