Market Perspectives – September 20, 2018

U.S. Weather/Crop Progress

U.S. Drought Monitor Weather Forecast: Over the week beginning Tuesday September 18, areas from the Southern Plains to the Upper Midwest are expected receive the highest precipitation. Up to four inches, or more in localized regions, could fall over Oklahoma, northern Missouri, southern Minnesota, and northern Iowa. Up to two inches of precipitation is also forecast for northwestern Washington state. Wisconsin and Texas may also see some heavy rainfall. Most of Oregon, southern Idaho, California, Nevada, and Utah will remain dry. Temperatures are forecast to reach mostly into the 60s and 70s across the northern U.S., with some 50s around Montana. Additionally, some scattered shower activity early in the period may allow the southwest to see highs in the 80s.The heat continues across much of the central U.S. into the Southeast, where upper 80s and 90s will be prevalent.

Looking further ahead at NOAA’s Climate Prediction Center (CPC) 6- to 10-day Outlook (September 23-27), the probability of dry conditions is highest in the Southwest, namely Utah, Colorado, New Mexico, and Arizona, exactly over the area where drought conditions are currently among the worst in the country, while wet conditions are most likely across eastern Texas, an area that has in recent weeks received excess rainfall. Most of the north central and southern U.S., with the exception of most of the states along the Atlantic Seaboard, may also see wetter-than-normal conditions. During this period, below-average temperatures may be seen over central California and the Northwest eastward to northern Minnesota, and central and northern New England, while above-average temperatures are forecast for most of the rest of the contiguous U.S. Looking two weeks out (September 25-October 1), the likelihood of above-average temperatures is highest in the Southeast. The probability of below-average temperatures is highest across Montana. The probability of above-average precipitation is highest over the northern U.S. from Oregon to Michigan and through the Plains into the deep South.

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