Market Perspectives – October 27, 2022

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: During the next five days (October 27-31), the storm system that brought heavy rainfall to parts of the Southern Plains will bring rainfall to parts of the eastern Great Lakes and Northeast before exiting the U.S. The pattern will remain active across the remainder of the CONUS. However, much of the precipitation potential will be across the Southern Plains, extending eastward across parts of the Deep South, associated with a low pressure system that is forecast to intensify over the Southern Plains by the weekend before moving eastward through the remainder of the week. The Pacific Northwest is also expected to remain active through Monday, October 31. Additionally, near to below-normal temperatures are expected across the West Coast and much of the Southern Tier of the CONUS, along the predicted storm track. Farther north from the Northern Plains to the Northeast, predominantly above-normal temperatures are forecast due to a lesser influence from the storm track farther south.

The Climate Prediction Center’s 6-10 day outlook (valid November 1-5) predicts increased chances of below-normal temperatures and above-normal precipitation across the western half and two-thirds of the CONUS, respectively, associated with mean mid-level low-pressure. Meanwhile, mid-level high pressure favors above-normal temperatures from the Great Plains to the East Coast and drier than normal conditions from the Mississippi Valley eastward. In Alaska, a southerly storm track favors predominantly above-normal precipitation and is forecast to keep temperatures cooler than normal.

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