Market Perspectives – October 26, 2023

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: During the next five days (October 24-28, 2023), remnant energy and moisture from Tropical Storm Norma could stream northward to spread heavy rainfall to parts of the southern and central U.S. early to mid-next week, while chances of snow increase in the northern Rockies and into parts of the northern Plains late next week. The Weather Prediction Center has highlighted a slight risk of excessive rainfall for parts of northern Texas and west-central Oklahoma due to potential flash flooding. Well above normal temperatures will spread from the Midwest into the East (15-20 degrees above normal), while daytime maximum temperatures for the northern portions of the Rockies and Plains could be 10-20 degrees below normal.

The Climate Prediction Center’s 6-10 day outlook (valid October 28-November 2, 2023) favors near to above-normal precipitation throughout much of contiguous U.S., and Alaska with below-normal precipitation most likely from the Pacific Northwest to the northern Plains, across much of Hawaii and in parts of southeast Alaska. Increased probabilities for below-normal temperatures are forecast for much of the contiguous U.S. while above-normal temperatures are likely from Louisiana to New England, as well as much of Alaska and Hawaii.

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