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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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Friday Apr 21, 2023
Morning Market Weather Update for Friday, April 21, 2023
Friday Apr 21, 2023
Friday Apr 21, 2023
WORLD WEATHER HIGHLIGHTS FOR APRIL 21, 2023
- U.S. hard red winter wheat areas will have three opportunities for rain during the next ten days
- Nearly all areas will get rain, though many areas will have need for follow up rain especially in the southwest
- West Texas rain potentials have improved for the coming week to ten days and the moisture that falls will improve planting conditions for cotton, sorghum and corn – most of which begins next month
- U.S. Delta and southeastern states will be wet or become that way in the next seven days slowing fieldwork
- U.S. Midwest temperatures will be quite cool at times this weekend and next week with some periodic rainfall as well resulting in a slow planting pace, but the rain volume will be lighter than usual.
- This week’s rain and snowstorm in Canada’s eastern Prairies, the upper U.S. Midwest and Red River Basin will end today and early Saturday with the next large precipitation event expected late next week and into the following weekend
- Next week’s storm system may be the last in this series with drier and warmer weather to follow
- Southwestern Canada’s Prairies will continue drier than usual in the next ten days, but some precipitation is possible
- South America weather appears to be mostly good, especially if rain falls in Mato Grosso as advertised
- Southwestern Europe and North Africa will remain drier than usual
- Some drying in Kazakhstan and a few eastern Russia spring wheat areas will be closely monitored, although the region is in great shape for spring planting
- China’s southern rapeseed and southeastern rice areas will continue quite wet over the next two weeks
- Southern Australia is advertised to receive some timely rainfall over the next week as a frontal system moves from west to east; the moisture will be good for future wheat, barley and canola planting
- South Africa will continue dry biased
- India will remain cooler biased with limited rain in this first week of the outlook; showers may increase in the last days of April and continue in early May to possibly disrupt harvesting
- Mali to Burkina Faso to remain drier biased for another five to six days and then some showers are possible
- Southeast Asia rainfall will be increasing in Indonesia and Malaysia and possibly in a part of the mainland production areas
- Dryness in eastern Mexico continues to be eased by periodic rainfall
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