Market Perspectives – March 9, 2023

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 (valid March 8 – March 11) calls for an atmospheric river to bring heavy rainfall, flooding and high-elevation snow to the West Coast. A winter storm tracking across the central High Plains and upper Midwest is also expected to bring snow to these regions, with the heaviest amounts in southern Minnesota, northern Iowa and southern Wisconsin. As this storm moves eastward, mixed precipitation is likely in a band stretching from eastern Nebraska to southern New York. Heavy rain and thunderstorms are expected across the southern Plains, the South, lower Midwest and the Southeast.

Moving into next week, the Climate Prediction Center’s 6-to-10-day outlook (March 13 – March 17) calls for above-normal temperatures across the Southwest with below-normal temperatures across much of the Lower 48 and Alaska. Most of the U.S. can expect near- to slightly above-normal precipitation. Parts of the Midwest and Northeast are the only areas with slightly increased odds for below-normal precipitation.

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