Market Perspectives – September 13, 2018

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: For the ensuing 5 days (September 13-17), the focus will be on Hurricane Florence’s landfall and where it tracks thereafter. As of Wednesday afternoon, the most likely scenario is landfall near the NC-SC border, with the hurricane slowing down and dropping catastrophic amounts of rain (over 20 inches near landfall), with possible devastating floods in parts of the Southeast and mid-Atlantic. The 5-day QPF targets the Carolinas and Virginia with 4-10 inches, with heavy rains moving northward into the Northeast during days 6-7. Elsewhere, a tropical disturbance is expected to move into the western Gulf from the Caribbean, dumping more heavy rain (2-6 inches) on the southern half of Texas. Pacific systems traversing along the U.S.-Canada border may drop light to moderate amounts from Washington to Minnesota. Little or no precipitation is expected elsewhere. Temperatures should average below-normal in the Far West, northern Rockies, and Texas, and above-normal from the Southwest northeastward into New England.

For the CPC 6- to 10-day extended range outlook (Sep. 18-22), the odds favor above-normal precipitation in the northern half of the Plains and in the eastern quarter of the country (from Florence). Chances are good for subnormal precipitation in most of the West, south-central Plains, and lower and middle Mississippi Valleys. Above-normal temperatures are likely in the southern and eastern sections of the U.S., with subnormal readings limited to the Northwest and northern Rockies and Plains.

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