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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 Mar 24, 2023
Morning Market Weather Update For Friday, March 24, 2023
Friday Mar 24, 2023
Friday Mar 24, 2023
WORLD WEATHER HIGHLIGHTS FOR MARCH 24, 2023
- Another storm of size may evolve in the northeastern U.S. Plains and upper Midwest in the second half of next week, although the system is almost a week away leaving time for adjustment
- Limited snow melt will occur in the Red River Basin and upper Mississippi River Basin over the next five days, but some melting is expected for a few hours each afternoon before strong freezes occur at night
- Southwestern U.S. hard red winter wheat areas will be dry biased for much of the next ten days along with West Texas cotton, corn and sorghum areas
- Rain will fall more often and more significantly in the last days of March and April from South Texas through the Blacklands and Coastal Bend regions of Texas into eastern Oklahoma and a part of the U.S. Midwest
- Wet weather in the Delta, Lower and eastern Midwest and Tennessee River will slow farming activity through the balance of March and into early April
- Canada’s Prairies will continue cold biased along with the far northern U.S. Plains and precipitation will be restricted into early next week
- Argentina will see waves of rain through the next two weeks with central and northern areas favored for this first week
- Central Brazil crop areas will continue drying out in the next week and then there will be some increase in precipitation once again
- North Africa and much of Spain will be dry biased during the next ten days
- Other areas in Europe will get waves of rain
- Western CIS crop areas will trend wetter later this weekend and especially next week and that precipitation along with melting snow may induce some areas of more significant flooding
- India still has more rain coming up across the far north today into the weekend raising more concern over winter wheat and a few other crop conditions
- No changes of significance were noted overnight for China, Australia or South Africa
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