Market Perspectives – December 21, 2023

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: From Wednesday, December 20 to Christmas evening, the National Weather Service Weather Prediction Center is forecasting three areas of heavier precipitation accumulations. The first, where amounts are likely to be between 0.75 to 3 inches of precipitation, is forecast for far western Oregon and Washington. In the Southwest, 0.75 to 2 inches of precipitation is forecast from Arizona into southern California, with higher amounts possible near and northwest of Los Angeles. From the central Gulf Coast northward to the middle Missouri and Mississippi River Valleys, precipitation amounts are forecast to range from a half inch to 2 inches, with locally higher amounts possible from northeast Texas into western Arkansas, and along the Louisiana, Mississippi, and Alabama coasts.

From December 26-30, the NWS Climate Prediction Center forecast favors below-normal precipitation for most of the region from the Mississippi River and Great Lakes west to the Great Basin. Above-normal precipitation is favored along the West and East Coasts and in deep south Texas. Below-normal temperatures are favored in areas near the Louisiana and Texas coasts. Elsewhere, near- or warmer-than-normal temperatures are forecast for much of the rest of the contiguous United States. Except for southwest Alaska, above-normal precipitation is favored for much of the state. Colder-than-normal temperatures are more likely in the western third of Alaska, while the eastern third is more likely to see warmer-than-normal weather. Drier-than-normal weather is favored across Hawaii, and cooler-than-normal temperatures are favored on the Big Island and the eastern half of Maui.

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