Market Perspectives August 28, 2015

U.S. Weather/Crop Progress


U.S. Drought Monitor Weather Forecast: For the upcoming 5-day period, August 27-September 1, attention will be focused on southeastern Florida, which may experience very heavy rainfall early next week in association with what is currently Tropical Storm Erika. Preliminary forecasts from the National Hurricane Center in Miami strengthen Erika to a hurricane either this Sunday or Monday, as it bears down on the southeastern Florida coast. However, Erika is still 4-5 days away from Florida, and its track and intensity may change significantly by then. In the desert Southwest, up to an inch of rain is predicted to fall during this period, which would at least help to offset additional deterioration in many areas. Several inches of precipitation are anticipated across the coastal ranges and Cascades of the Pacific Northwest, an area that could certainly use the moisture. Up to several inches of rain are also forecast for portions of the Midwest/Upper Midwest/Upper Great Lakes region. Depending on exactly where the rain does fall, some reduction in drought coverage is possible.

For the ensuing 5-day period, September 2-6, chances for above-median rainfall are elevated across the Southeast, due to the anticipated approach of Erika near the beginning of the period. Above-median rainfall is also favored across the northwestern and north-central portions of the lower 48 states, in advance of an upper-level trough. Odds for below-median rainfall are elevated across portions of the Northeast, and the southwestern and south-central CONUS

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