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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 Mar 21, 2023
Morning Market Weather For Tuesday, March 21, 2023
Tuesday Mar 21, 2023
Tuesday Mar 21, 2023
WORLD WEATHER HIGHLIGHTS FOR MARCH 21, 2023
- Argentina’s rain event coming up over the next several days will provide some much needed relief from months of drought, although more moisture will be needed to end the drought
- The moisture should end the steady decline in crop conditions
- Brazil’s crop areas from southern Mato Grosso do Sul and Parana to Minas Gerais will continue to experience improving weather with an opportunity for more aggressive field progress to take place in late soybean harvesting and Safrinha corn planting
- U.S. Southwestern Plains will continue drier than usual over the next ten days; this includes west Texas cotton areas the southwestern hard red winter wheat production regions
- A succession of storm systems will continue to produce rain and mountain snow in California and in the Rocky Mountain region to the northern Plains and upper Midwest during the next ten days
- Flood potentials remain high for Red River Basin of the North and are increasing for the upper Mississippi River Valley, although the Mississippi River should handle the runoff from the spring snow melt much better than the Red River
- Canada’s Prairies will continue missing significant precipitation for a while
- North Africa will remain too dry for the next ten days
- Snow melt in Russia will be accompanied by rain and snow this weekend into next week complicating the runoff situation
- India’s rainfall will be much less frequent and less significant in the coming week than that of the weekend, but it will still be wetter than desired and some crop conditions will deteriorate
- No changes were noted for China, Australia or South Africa in the overnight forecasts
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