Market Perspectives – March 19, 2020

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 shows a winter storm developing east of the Rockies and tracking northeast across portions of the north and central Plains into the Upper Midwest. This storm is expected to bring heavy snow to the southern and central Rockies with a swath of light to moderate snow extending from Nebraska northeast into Minnesota and Wisconsin. A cold front associated with the storm system is forecast to trigger showers and thunderstorms from the southern plains into the Mississippi, Ohio, and Tennessee valleys. Temperature are expected to be below normal by 10 to 20 degrees across California into the Central Great Basin and Southwest. Meanwhile, the Gulf Coast states and Ohio and Tennessee valleys can expect temperatures 3 to 6 degrees above normal. The Central Plains should see large temperature swings as the system passes through.

Moving into next week, the Climate Prediction Center six to 10 day outlook (valid March 22-26) favors below normal temperatures for much of the western half of the CONUS, especially near the West Coast, near normal temperatures east of the Mississippi, near normal temperatures in the Midwest and Northeast, and above normal temperatures for states along the Gulf and Southeast Coasts. The precipitation outlook favors an active storm track and above normal amounts for nearly the entire CONUS. Probabilities are highest for California, parts of the Great Basin, and the Tennessee and Ohio valleys.

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