Market Perspectives – August 24, 2023

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 precipitation accumulations ranging from 1 to 3+ inches across portions of the Four Corners states as well as areas of Far West Texas. Likewise, similar accumulations are expected across areas of the Southeast, Mid-Atlantic, and the Northeast. In the eastern and northern portions of the Midwest, lighter accumulations (< 1 inch) are forecasted. The CPC 6-10Day Outlooks call for a moderate-to-high probability of above-normal temperatures across much of the conterminous U.S. including the West, South, Southeast, Plains states, and western portions of the Midwest. Conversely, below-normal temperatures are expected across the Lower Midwest, Mid-Atlantic, and the Northeast. In terms of precipitation, below-normal precipitation is expected across the Plains states, Midwest, and far western extent of the Northeast, while above-normal precipitation is forecasted for much of the western U.S. and across much of the Eastern Seaboard.

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