Market Perspectives – March 2, 2023

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: As this week ended, one weather system was moving across the Northeast, and another was slamming into the West. More Pacific weather systems will follow during March 2-7, bringing half an inch or more of precipitation to the West Coast and higher elevations of the West, parts of the Great Plains, and much of the CONUS to the east of the Plains. Another 4 inches or more of precipitation can be expected for the Sierra Nevada and coastal ranges, and from northeastern Texas and eastern Oklahoma to the Ohio Valley and southern Appalachians. An inch or more of precipitation should be widespread from eastern Kansas to the southern Great Lakes, and from the eastern Great Lakes to the Northeast and Mid-Atlantic states. Western and some central parts of the Great Plains, especially Nebraska, western Texas, and southeast New Mexico, as well as southern California to the Great Basin, are forecast to receive less than half an inch of precipitation. Temperatures are predicted to be warmer than normal in the south and southeast to cooler than normal in the West.

A cooler- and wetter-than-normal pattern is likely for March 8-15 across the CONUS. The Gulf of Mexico coast and much of Alaska likely begin this period warmer than normal, but odds favor cooler-than-normal temperatures as the period progresses. At the beginning of this period, below-normal precipitation is favored in the Northeast and Great Lakes, and below-normal precipitation is expected to dominate the southern half of Alaska through the period.

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