Market Perspectives – January 2, 2020

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: During the next 5 days (January 2 to 6), another surface low is forecast to develop across the southern Great Plain on January 2. This surface low and trailing cold are likely to bring heavy rainfall (1 to 3 inches) to the lower Mississippi Valley and Tennessee Valley with more modest amounts (1 inch or less) along the East Coast. A low pressure system with onshore flow is expected to bring rain and high-elevation snow to the Pacific Northwest, beginning of January 4. Although rainfall of around an inch is forecast along the Texas Gulf Coast during the next week, dry weather is likely across the remainder of Texas. Mild temperatures are forecast to prevail across the continental U.S. during the first week of January 2020, while bitterly cold temperatures persist throughout Alaska.

The CPC 6-10 day extended range outlook (January 6 to 10, 2020) indicates a slight tilt in the odds for above normal precipitation across much of the central and northeastern U.S. Below normal precipitation is favored for the Southeast along with California and the Southwest. The highest confidence in the temperature outlook exists across Alaska where below normal temperatures are likely to persist into the second week of January. Below normal temperatures are favored for the Great Basin and Rockies, while a warming trend is anticipated across the south-central and eastern U.S.

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