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Weather is one of the top most influential features in daily commodity futures trading. It is also the most important consideration for food company's making purchasing commitments and farmers to determine hedge positions and planting decisions. World Weather, Inc. has 73 years of combined agricultural world weather forecasting experience and its staff has been supporting the commodity futures trade since 1979. This daily podcast will provide insight to the day's most important weather issues influencing world market trading. It is designed to discuss all of the most important weather-related issues of the day and will help explain how those weather issues will influence production and help the listener make better business decisions whether in the commodity futures market or out of it.
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Thursday Mar 23, 2023
Thursday Mar 23, 2023
WORLD WEATHER HIGHLIGHTS FOR MARCH 23, 2023
- Interior northern Cordoba to northern and central Entre Rios, Argentina received additional rain of significance Wednesday and early today
- Additional waves of rain will impact central and northern Argentina through the next week to ten days bringing beneficial moisture to many areas
- Central Brazil will continue to dry down benefiting fieldwork of all kinds from Mato Grosso do Sul and Parana to Minas Gerais
- U.S. southwestern Plains will continue dry biased over the next ten days
- Waves of rain and snow will occur lightly across the central U.S. Plains Friday through the weekend bringing some moisture to Nebraska, northern Kansas and parts of northeastern Colorado
- April will turn wetter in the southern Plains favoring a boost in soil moisture from South Texas through the Blacklands to the heart of Oklahoma
- Abundant rain in the next ten days in the lower and eastern Midwest, Delta and Tennessee River Basin will lead to local flooding
- California precipitation will continue into next week
- West Texas precipitation will be minimal for the next ten days
- North Africa will remain dry for the next ten days and limited rain is likely in eastern Spain
- Europe is advertised wetter today relative to that of earlier this week outside of Spain
- Western CIS crop areas will see more frequent rain and some snow this weekend and next week while temperatures are warm enough to continue melting snow
- India’s far northern wheat areas will be negatively impacted by rain and thunderstorms Friday into the weekend
- No significant changes were noted in Australia, China, South Africa or the Southeast Asian nations overnight
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