Market Perspectives – January 7, 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 continued storminess in the Pacific Northwest. Heavy rain is expected along the coastal ranges of Washington, Oregon and northern California, with snow at higher elevations. As the storms move eastward, snow is forecast for the northern and central Rocky Mountains while the northern Plains are expected to receive a wintry mix of rain, snow and/or ice. Forecasts for the southern Plains, South and Southeast call for showers and thunderstorms. Areas from the mid-Mississippi Valley to the Mid-Atlantic can also expect a wintry mix of precipitation while light snow is forecast for the Great Lakes region, Northeast and central Appalachians. Moving into next week, the Climate Prediction Center 6- to 10-day outlook (valid January 12-16) favors above normal temperatures for the Southwest and much of the northern part of the country. Below-normal temperatures are expected in the southern and Mid-Atlantic States. The greatest probabilities for above-normal precipitation are expected in the Pacific Northwest and Northern Plains.

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