Over the next few months South America is forecast to transition away from widespread exceptional water deficits. However, from December through February large pockets of exceptional deficits are forecast to persist across central Brazil, Venezuela, French Guiana, western Bolivia, and Chile. Surpluses are forecast for central and northeastern Colombia; northern Pará, Brazil; La Pampa, Argentina; and, both deficits and surpluses between the Chabut and Desaguadero Rivers in Argentina. After February overall conditions will improve across the continent.