Market Perspectives – April 19, 2018

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: A storm system crossing the nation’s northern tier will reach the Northeast on Thursday, bearing rain and snow. A more significant storm will traverse the West and produce heavy snow in the central Rockies before crossing the Plains on Friday. Precipitation totals associated with the storm will be variable, but some drought-stricken areas of the central and southern Plains could receive as much as 0.5 to 2.0 inches of rain. During the weekend, showers and thunderstorms will erupt across the mid-South and spread into the Southeast. By early next week, warm, dry weather should overspread much of the western U.S., while chilly conditions will linger across the South and East.

The NWS 6- to 10-day outlook for April 24-28 calls for the likelihood of near- to below-normal temperatures across most of the eastern half of the U.S., while warmer-than-normal weather will cover the West. Meanwhile, near- to below-normal precipitation across the majority of the country should contrast with wetter-than-normal conditions in a few areas, including the Atlantic Coast States and central and southern sections of the Rockies and High Plains.

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