Market Perspectives – May 3, 2018

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: The NWS WPC 7-Day Quantitative Precipitation Forecast (QPF) calls for moderate-to-heavy accumulations ranging from 2-to-3 inches across the eastern Central Plains, Texas, and the Midwest (Iowa, northern Illinois, Michigan, southern Wisconsin). Out West, lesser accumulations (<1.5 inches) are expected in parts of the Intermountain West, central Rockies, and southern portions of the northern Rockies. Similar accumulation totals are forecasted for the Northeast and portions of the Mid-Atlantic. The CPC 6-10-day outlook calls for a high probability of above-normal temperatures across the West, the Plains, New England, and the Southeast while below-normal temperatures are expected in Michigan and south Texas.

In terms of precipitation, below-normal precipitation is expected across most of the eastern half of the continental U.S. with the exception of Florida where there is a high probability of above-normal precipitation. Above-normal precipitation is expected in a swath extending from west Texas through New Mexico and Colorado to Idaho. Further west, below normal precipitation is expected in northern California and much of the Great Basin.

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