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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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Monday Feb 12, 2024
Morning Market Weather For Monday, February 12, 2024
Monday Feb 12, 2024
Monday Feb 12, 2024
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WORLD WEATHER HIGHLIGHTS FOR FEBRUARY 12, 2024
- Southern Brazil is drying out, but timely rain is expected during mid-week this week that will reverse the trend and return very good crop development potential
- Argentina rainfall today and Tuesday will be sufficient to fill the gaps in the weekend precipitation and further improve topsoil conditions for aggressive summer crop development
- Australia will experience some net drying for a while, although central Queensland and northeastern New South Wales will get some rain late this week and into early next week
- Western summer crop areas in South Africa will dry down too
- China’s moisture profile and winter crops will remain in good shape
- India still needs greater rain in winter coarse grain and oilseed areas, although no excessive heat is expected, although readings will slowly trend warmer this week and next week
- Southwestern Europe will trend drier and warmer than usual once again after some welcome rain late last week and during the weekend
- Northwest Africa will be trending drier than usual once again over the next ten days after getting temporary relief late last week and early in the weekend
- Middle East precipitation is increasing to the benefit of winter wheat and future cotton planting
- Western CIS winter crop areas will continue in a wet weather pattern with well above normal snowpack and saturated soil beneath it keeping spring flood potentials running high
- Bitter cold is not threatening winter crops due to substantial snow cover in the coldest areas
- S. weather will favor precipitation in the Delta, southeastern states and lower eastern Midwest early this week and again late next week
- West Texas to central Oklahoma received significant snow and rain overnight with moisture totals to 0.77 inch and snowfall of 1 to 8 inches with Plainview, Texas getting 14 inches
- South Texas and a broad band from southwest to northeast Mexico will get rain Wednesday into Saturday to improve topsoil moisture
- Southern parts of coastal bend will also be impacted with rain while the Blacklands and upper Texas coast see less rain along with the Delta after today.
- Canada’s Prairies and northern U.S. Plains will receive restricted precipitation for a while and temperatures will be cooler biased
- Some snow will impact the far southwestern Prairies and from Montana to Minnesota and northern Iowa to the Great Lakes region
- California will get more rain and mountain snow this weekend and into next week
- Southern Oscillation Index remains in a nose dive and is expected to continue becoming more negative this week, but it is being impacted by tropical cyclone activity in northern Australia
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