Market Perspectives – April 20, 2023

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: During the next five days (April 19-24, 2023) moderate to heavy precipitation (over an inch) is expected in the Pacific Northwest, higher elevations in the central and northern Rockies, much of the eastern Great Plains, most of the Mississippi Valley and Great Lakes Region, the Appalachians, the Carolinas, the Middle Atlantic Region, and the Northeast. Totals of 1.5 to 3.0 inches is forecast for a broad area from the Mississippi/Ohio Rivers’ Confluence Region southward across the west side of the lower Mississippi Valley and the eastern half of Texas. In contrast, most areas from the west side of the Great Plains to the Pacific Coast (outside the higher elevations and areas west of the Cascades) are expecting light precipitation at best. Light amounts of precipitation (less than one-quarter inch) are also expected in Florida, Georgia, and some adjacent locales.

The Climate Prediction Center’s 6-10 day outlook (valid April 25-29) shows above-normal precipitation favored over the vast majority of the central and eastern contiguous states and Alaska. Odds are only marginally enhanced in most areas, but odds exceed 50 percent that amounts will be in the wettest one-third of the historical distribution in part of the South Atlantic States and in southeastern Alaska. Subnormal precipitation is more favored in most areas from the Rockies to the Pacific Ocean, with much of the northern Great Basin having at least a 50 percent chance for precipitation totals in the lowest one-third of the historical distribution. Enhanced chances for subnormal temperatures cover a large area from the Plains to the Middle Atlantic Region, especially across the northern Plains, upper Midwest, and upper Mississippi Valley. Colder than normal temperatures are also expected across most of Alaska outside southeastern areas. Warmer than normal weather is forecast for the southern Rockies, the Intermountain West, and West Coast, as well as across northern New England and locations across and near the Florida Peninsula.

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