Market Perspectives – May 16, 2014

U.S. Weather/Crop Progress


U.S. Drought Monitor Weather Forecast: Over the period of May 16-19, the National Weather Service is calling for a strong system to bring widespread and locally heavy rains to much of the Southeast, Mid-Atlantic and Northeast. West of the Mississippi River looks to be pretty dry for the most part except for Arkansas, where an inch or so is expected across the eastern half of the state. As for temperatures, most of the West can expect temperatures to run three-to-six degrees (or more in the Great Basin) above normal. For just about everybody else east of the Rockies, temperatures are looking to stay cooler-than-normal at three-to-10 degrees below normal.

This week’s10-day outlook from the Climate Prediction Center is showing a tilt in the odds toward above-normal temperatures in all but the interior of Alaska, the West Coast, Pacific Northwest, central Plains and Midwest, with below-normal temperatures expected in the Four Corner region and into the central Rockies as well as along the western Gulf Coast. As for precipitation during this period, above-normal precipitation is more likely along most of the West Coast from central California up to Canada, southern New Mexico, the lower Mississippi Valley, the Southeast and the southern Mid-Atlantic region. Above-normal precipitation is looking favorable across the northern Great Lakes and Plains regions along with the Great Basin, central Rockies and western reaches of the southern Plains. Follow this link to view current U.S. and international weather patterns and the future outlook: Weather and Crop Bulletin