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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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Tuesday Feb 27, 2024
Tuesday Feb 27, 2024
WORLD WEATHER HIGHLIGHTS FOR FEBRUARY 27, 2024
- No major changes in South America overnight
- Interior southern Brazil will continue to experience restricted rainfall for the next week, although totally dry weather is unlikely
- Greater rain falls in interior southern Brazil during the second week of the outlook
- Southern Argentina rainfall is advertised greater in the last five days of the two week outlook
- Not much change in North America was noted overnight in the first week of the forecast
- Livestock stress will be high in the U.S. Plains through the weekend due to wildly swinging temperatures, low humidity and both very warm to hot temperatures and bitter cold
- Strong wind speeds in the high Plains may lead to some blowing dust
- Most of the Plains and western Corn Belt will be dry biased over the next full week
- Canada’s Prairies will receive another bout of widespread snow this weekend
- Eastern U.S. Plains and western U.S. Corn Belt weather may trend wetter in the second half of next week
- Eastern U.S. Midwest will see timely bouts of rain during the next two weeks along with the Delta and southeastern states
- West Texas precipitation will be limited over the next full week and “may” get “some” showers in the following week
- China will remain wettest in the Yangtze River Basin and areas to the south, although the southern coastal provinces of Guangdong and Fujian do not get rain until the second half of next week
- Yunnan, China will remain drier than usual for much of the next two weeks
- Winter crops in China are still rated well with little change likely
- South Africa will receive restricted precipitation for the next week to ten days
- 06z GFS model run has introduced too much rain for South Africa during the second week of the forecast
- Ukraine and Russia’s Southern Region will receive limited precipitation and experience warm biased temperatures for the next ten days, but soil moisture is favorable
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