The Government Reduces The Summer Weather Threat May 19, 2022
The government's monthly update of long term weather brought with it a lowered concern for the US. The Climate Prediction Center's June-July-August forecast remains with the entire US in some type of above normal temperatures. The severity for the western cornbelt has been lessened. Their moisture forecast has also improved. Last month, their forecast for summer was for the entire western cornbelt, and parts of Illinois/Wisconsin, was for below normal precipitation. Though most of the geographic region of dryness remains in place, the severity has been lessened. We noted before that if the prior forecast were released, corn yields would run -8% from trend and soybeans -5%.
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