Exceptional deficits observed in recent months in Australia are forecast to nearly disappear, though intense deficits will persist in Tasmania through February and the southwestern tip of Western Australia through May. The near-term forecast includes deficits along Australia’s southeastern coast and in eastern New South Wales, and exceptional surpluses near Bundaberg, Queensland. After February surpluses near Bundaberg will recede and deficits will continue to emerge in the southwestern tip of WA, from the Fleurieu Peninsula in South Australia through Victoria, in Tasmania, and in New Zealand.