Market Perspectives – October 12, 2023

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: During the next five days (October 12-16, 2023), an intense low pressure system is forecast to track from the Central Rockies and Great Plains eastward to the Midwest and Central Appalachians. A swath of heavy precipitation (1 to 3 inches) is likely to accompany this surface low. On October 12th, a vigorous area of mid-level low pressure is expected to bring heavy snow (6 to 12 inches) to the higher elevations of Wyoming. A low pressure system is forecast to move offshore of the Southeast by October 13th after it brings widespread precipitation to parts of the Southeast. Mostly dry weather is forecast to persist across the Tennessee Valley, while much drier weather prevails across the Southern Great Plains. Periods of light to moderate precipitation are expected for the coastal Pacific Northwest.

The Climate Prediction Center’s 6-10 day outlook (valid October 17-21, 2023) favors near to below-normal precipitation throughout much of the contiguous U.S. with above-normal precipitation most likely across southeastern Alaska. Increased probabilities for above-normal temperatures are forecast across the West and Northern to Central Great Plains, while below-normal temperatures are likely for the Mid-Atlantic and Southeast.

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