Market Perspectives – May 11, 2023

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: During the next five days (May 11 – 15, 2023), widespread moderate to heavy rainfall (1 to 5 inches, locally more) is forecast across the Great Plains with the heaviest amounts expected to occur from southwestern Oklahoma south to the Middle Rio Grande Valley. Lighter amounts are predicted for southeastern Nebraska, northeastern Kansas, and the Middle Mississippi Valley. Rainfall amounts are expected to vary throughout the Midwest and Southeast, while the Northeast remains mostly dry. Compared to the start of May, much drier weather is forecast for the West.

The Climate Prediction Center’s 6-10 day outlook (valid May 16-20) depicts a highly amplified pattern with anomalous mid-level high pressure over the Northwest. Therefore, large probabilities for above-normal temperatures are forecast throughout the West. Associated with a wetter pattern likely for the south-central U.S. during mid-May, below-normal temperatures are favored for the Southern Great Plains and Lower Mississippi Valley. Below-normal temperatures are also favored across the Great Lakes, Eastern Corn Belt, and Northeast, while above-normal temperatures are more likely across the Southeast. Above-normal precipitation is favored across the southern tier of the U.S. with the largest probabilities forecast for the Southwest which is typically dry during this time of year. Elevated probabilities for below-normal precipitation are forecast across the Northern to Central Great Plains, Upper to Middle Mississippi Valley, and Corn Belt.

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