Market Perspectives – January 14, 2021

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: The National Weather Service Weather Prediction Center forecast for the remainder of the week calls for snow across the Upper Midwest. Widespread precipitation is also forecast in New England this weekend, which is likely to fall as rain along the coast and snow through the interior. Areas of ongoing drought in California, Oregon, Washington, and Idaho are forecast to remain dry into the middle of next week. Looking farther ahead to Jan. 19-23, the Climate Prediction Center Outlooks favor colder than normal temperatures in the western Great Plains and Rocky Mountains, as well as other parts of the West. Warmer than normal temperatures are expected in roughly the eastern half of the Lower 48. The greatest chances for above-normal precipitation are in eastern Montana, northeast Wyoming, and adjacent western North Dakota and South Dakota, and from southeast Texas through northwest Georgia. The Pacific Coast, as well as much of inland central and northern California, Oregon, and Washington, are favored to receive below-normal precipitation, as are south Florida and northern New England.

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