Morning Market Weather For Wednesday, March 22, 2023

WORLD WEATHER HIGHLIGHTS FOR MARCH 22, 2023

• Heavy rain fell in central Argentina as expected overnight and has further expanded the cropland in that country that has been relieved of drought, although more rain is needed
• Central Brazil crop areas will continue to dry down for a little while longer and that should translate into a better harvest environment for late season soybeans and for any unplanted Safrinha corn
• U.S. hard red winter wheat areas were advertised wetter in the central Plains today by the GFS model, but the moisture looks overdone
• More snow fell in the Red River Basin of the North Tuesday and overnight adding 7 inches of additional snow and another 0.65 inch of moisture to the deep snowpack that promises to induce flooding later this spring
• U.S. lower Midwest, Delta and Tennessee River Basin will be excessively wet for a while delaying some early season corn and rice planting
• California will continue quite wet for a while longer
• India has another wave of significant rain coming to the north Thursday into Saturday raising the potential for more wheat quality problems and some rapeseed and mustard might also be negatively impacted
• Portions of Pakistan are also expected to be too wet with a wheat quality issue expected
• Rain in northern India and Pakistan may prove good for early season cotton which is normally planted in April and May
• No changes in China, Australia or Europe overnight
• Western CIS crop areas are expecting a boost in rainfall that may enhance flood potentials in northwestern Russia where snow is melting
• North Africa will continue dry for the next ten days stressing reproducing crops
• South Africa will experience some increase in precipitation during the next two weeks, although much of the precipitation advertised may be a little overdone