Market Perspectives – August 20, 2020

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: The NWS WPC 7-Day Quantitative Precipitation Forecast (QPF) calls for light-to-moderate accumulations ranging from 1-to-5 inches across portions of the South, Southeast, and the Mid-Atlantic with Florida and eastern portions of the Gulf Coast expected to receive the heaviest accumulations. In the Upper Midwest and northern portions of New England, accumulations of less than 1 inch are expected. Elsewhere, generally dry conditions are expected across the remainder of the conterminous U.S. with some isolated thunderstorm activity expected across the Southwest, central and northern Rockies, and the Great Basin—although rainfall accumulations are expected to be light (<1 inch).

The CPC 6-10-day Outlook calls for a moderate-to-high probability of above-normal temperatures across most the conterminous U.S. with the exception of the far northern portions where temperatures are expected to be normal except for the Upper Midwest where below-normal temperatures are expected. In terms of precipitation, there is a moderate-to-high probability of above-normal precipitation across parts of the West including the Great Basin and areas of the Intermountain West including Utah, Wyoming, Idaho, and Montana. Other areas with a moderate probability of above-normal precipitation include much of the Midwest and the eastern tier. Conversely, drier-than-normal conditions are forecasted for western portions of Oregon and Washington as well as the Desert Southwest, northern Texas, and the Southern Plains.

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