Market Perspectives – February 16, 2023

U.S. Weather/Crop Progress

 

U.S. Drought Monitor Weather Forecast: Over the next 5-7 days, a storm system will track out of the Four Corners region and onto the Plains, bringing with it widespread precipitation from Colorado, through the Plains and into the Midwest. Widespread precipitation is also expected throughout the South and into the Mid-Atlantic where up to 2-3 inches of rain is anticipated. Much of the southern and northern Plains as well as the West will be dry during this time. Temperatures are expected to be above normal over much of the southern Plains, Midwest and eastward with departures of 8-10 degrees above normal. Cooler-than-normal temperatures are expected over the central to northern Plains, and over the West where departures of up to 15 degrees below normal will be expected over Wyoming.

The 6–10 day outlooks show above-normal chances of below-normal temperatures over the northern Rocky Mountains, the Pacific Northwest and much of the West. The best chances of above-normal temperatures will be over the Southeast and through much of the South and Mid-Atlantic. Most of the country is showing above-normal chances of recording above-normal precipitation with the best chances over the Great Basin and in the Mid-Atlantic. South Texas and the peninsula of Florida are still showing a better likelihood of below-normal precipitation.

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