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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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Wednesday Feb 21, 2024
Morning Market Weather For Wednesday, February 21, 2024
Wednesday Feb 21, 2024
Wednesday Feb 21, 2024
WORLD WEATHER HIGHLIGHTS FOR FEBRUARY 21, 2024
- Canada’s Prairies may get a couple of storm systems beginning early next week and again later in the first week of March that may add moisture for planting in April
- Southwestern areas will see the lightest and least significant moisture, but some is expected
- Temperatures will turn much cooler for a brief period of time next week
- S. central and southern Plains will receive minimal precipitation over the next ten days and temperatures will rise well above normal during this first week of the outlook
- S Midwest will be warmer than usual during most of the next two weeks, although a short term bout of cooling is expected next week
- South America weather is still advertised to have a good mix of rain and sunshine for many areas
- There will be some ongoing concern about low soil moisture in Mato Grosso do Sul and a few areas to the south during this first week of the outlook, but there will be no crisis and rain should fall next week to support crop needs
- Aggressive fieldwork is likely in both southern Brazil and Argentina until greater rain evolves
- Northeastern Brazil will be wettest for a whiled
- Ukraine, Russia’s Southern Region and areas north northeast into the Ural Mountains region will experience below normal precipitation for a while and warmer temperatures and that should translate into some melting snow
- East-central China will continue to be impacted by waves of significant rain, snow, sleet and some freezing rain through the weekend causing stress to livestock, but ensuring good moisture for rapeseed and wheat development as well as some other spring planting
- Far southern China and Yunnan are too dry and need rain
- India’s rain will be greatest in the far north and extreme east while most other areas dry, but no extreme heat is expected
- Western Europe will be wetter biased for much of the coming ten days with some moisture improvement for southern Spain, but not necessarily the far eastern part of the nation
- North Africa rainfall will improve soil moisture and small grain development potential during the next ten days
- Western summer crop areas in South Africa will continue too dry and warmer than usual to support the best unirrigated crop development
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