From the National Hurricane Center's Tropical Outlook Page

1. Northwestern Caribbean Sea and eastern Gulf of Mexico:
   A broad area of low pressure over the northwestern Caribbean Sea
   near the northeastern coast of Honduras is producing disorganized
   shower and thunderstorm activity. Environmental conditions appear
   conducive for gradual development of this system during the next
   several days, and a tropical depression is likely to form late this
   weekend or early next week while moving generally northward over the
   northwestern Caribbean Sea and eastern Gulf of Mexico. Interests in
   the Yucatan Peninsula of Mexico, western Cuba, and Florida should
   monitor the progress of this system.

• Formation chance through 48 hours...low...20 percent.
• Formation chance through 7 days...high...70 percent.