Market Perspectives – May 24, 2018

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: An active pattern will continue, with two significant areas of wet weather over the next 5 days. Forecast data continues to show a tropical or subtropical system developing over the eastern Gulf of Mexico and lifting slowly northward over the Memorial Day holiday weekend; if this were to verify, the potential exists for another round of heavy to excessive rain (2-6 inches, possibly more) over the lower Southeast. Meanwhile, a pair of slow-moving storm systems will produce moderate to heavy rain (1-4 inches) from the northern Rockies eastward across northern portions of the Plains and Upper Midwest. A trailing cold front will trigger showers over the western Corn Belt and Mississippi Valley. Despite the continuation of a generally active weather pattern, the Southwest will remain unfavorably dry.

The NWS 6- to 10-day outlook for May 29-June 2 calls for below-normal rainfall over the Northwest and from Texas and the southern High Plains into the Great Lakes and New England. In contrast, wetter-than-normal conditions are expected from the northern Great Basin into northern portions of the Rockies and Great Plains, with a second higher-likelihood area of above-normal rainfall over the southeastern quarter of the nation. Abnormal warmth is expected over most of the nation save for near-normal temperatures in the aforementioned rainy and cloudy Southeast.

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