Market Perspectives – October 19, 2023

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: During the next five days (October 19-24, 2023), a front extending from the Upper Mississippi Valley to the Southern High Plains will move eastward to the Lower Great Lakes/Mid-Atlantic to the Central Gulf Coast by Friday. The system will produce rain over parts of the Upper/Middle Mississippi Valley on Wednesday evening, moving into the Great Lakes/Ohio Valley by Thursday and continuing eastward into Friday. On October 21, guidance shows potential for significant rainfall over parts of the Northeast, while the West is forecasted to receive rain from the weekend into next week. Some of the precipitation over the West should fall as snow in the higher northern Rockies, with snow levels gradually declining with time.

The Climate Prediction Center’s 6-10 day outlook (valid October 23-27, 2023) favors near to above-normal precipitation throughout much of contiguous U.S., Alaska and Hawaii with below-normal precipitation most likely across the East Coast and in parts of southeast Alaska and on the Big Island in Hawaii. Increased probabilities for above-normal temperatures are forecast from the Plains to the East Coast, as well as much of Alaska and Hawaii, while below-normal temperatures are likely across much of the West.

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