Market Perspectives – December 17, 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 liquid accumulations ranging from 1 to 2+ inches across portions of the South with the heaviest totals expected along the Gulf Coast of Louisiana and the Florida Panhandle. Likewise, similar accumulations are expected in the Mid-Atlantic and across southeastern portions of New England where a major winter storm is expected to impact the region starting on Wednesday with a wintry mix of rain, freezing rain, and snow. Areas from Pennsylvania to Massachusetts are expected to receive significant snowfall accumulations ranging from 6 to 20+ inches with New York City and Boston potentially receiving more than a foot of snow. Across much of the Midwest, the Plains, Texas, the Southwest, and southern portions of California and the Great Basin, dry condition are forecasted. Elsewhere in the West, a series of storms is expected to impact an area from Washington state through northern California and eastward through the northern Great Basin and central/northern Rockies. Coastal areas are expecting heavy rainfall accumulations while further inland snowfall accumulations in the higher elevations of the Cascades and northern Rockies of Idaho and northwestern Montana could see 1-to-2 feet of snow.

The CPC 6–10-day Outlook calls for a moderate probability of above-normal precipitation across most of the eastern tier of the conterminous U.S., the Upper Midwest, and across much of Alaska where probabilities are higher. Elsewhere, the outlooks call for a low-to-moderate probability of below-normal precipitation across much of the conterminous U.S.—including much of the Midwest and Plains states, the Four Corners states, and California. In terms of temperature, there is a moderate-to-high probability of above-normal temperatures across nearly the entire conterminous U.S. except for the Southeast where normal temperatures are expected.

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