Market Perspectives – January 5, 2023

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: During the next five days (January 5-9), enhanced onshore flow is forecast to bring additional heavy rain and high-elevation snow to California and the Pacific Northwest. According to the Weather Prediction Center, the heaviest amounts (more than 7 inches, liquid equivalent) are forecast across the coastal ranges of northern California and the Sierra Nevada Mountains. Periods of snow may spread inland over the Great Basin and central Rockies. Light to moderate rainfall is expected to accompany a low pressure system as it tracks across the lower Mississippi Valley. Elsewhere for the central and eastern U.S., little or no precipitation is forecast.

The Climate Prediction Center’s 6-10 day outlook (valid Jan 10-14) depicts a persistent pattern with enhanced onshore flow affecting the West Coast. Probabilities exceed 70 percent for above-normal precipitation throughout much of California with increased probabilities for above-normal precipitation forecast for the West and central Great Plains. Above-normal precipitation is also favored for much of the East. Below-normal precipitation is slightly favored for much of Texas, the northern high Plains, and Great Lakes. The long duration of Pacific flow and persistent pattern continues to increase chances for above-normal temperatures for nearly all of the contiguous U.S.

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