Market Perspectives January 19, 2017

U.S. Weather/Crop Progress


U.S. Drought Monitor Weather Forecast: During the next five days (January 19-23), above-normal precipitation (2-5 inches) is expected across most of the Gulf Coast states from far eastern Texas to and including northern Florida, most of the southern Atlantic Coast region, the Tennessee Valley, and southwestern portions of Kentucky and Virginia. Excessive precipitation amounts (liquid equivalents of 9-13 inches) are forecast for coastal California and most of the Sierras. These anticipated areas of heavy precipitation are likely to result in additional improvements to next week’s U.S. Drought Monitor depiction. Little if any relief, however, is forecast for most of the Great Plains and Northeast. For the ensuing five-day period (January 24-28), there are elevated chances for above-median precipitation across much of the contiguous U.S. However, odds favor below-median precipitation across the south-central states. Taking the two periods as a whole, Oklahoma and most of Texas are the least likely areas to receive beneficial precipitation. 

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