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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 Mar 01, 2023
Morning Market Weather Update For March 1, 2023
Wednesday Mar 01, 2023
Wednesday Mar 01, 2023
WORLD WEATHER HIGHLIGHTS FOR MARCH 1, 2023
- Subscribers be sure to see special stories written recently regarding the following
- Drought in Canada’s Prairies
- Argentina drought parallel to 2009 continues and in 2009 the drought lasted deeply into the autumn
- Quick transitions from prolonged La Nina to El Nino weather patterns can lead to drier summers in U.S.
- Excessive flooding expected in Peninsular Malaysia
- Weather overnight did not offer significant changes to Argentina’s weather which is expected to continue drier than usual through the next ten days
- Far northern Argentina will get some beneficial moisture
- Brazil will continue to see rain fall frequently with the interior south continuing to get rain most often and experiencing the greatest delays
- India’s rain potential has not improved greatly, but a few showers are expected this weekend and next week
- Eastern China rapeseed areas should not be seriously impacted by the current drying trend – at least not for a while, but the trend could prevail for a while making that a greater issue in time
- China wheat areas will remain seasonably dry, but warm temperatures will slowly raise soil temperatures
- Eastern Australia dryness will continue a concern for unirrigated summer crops
- Showers will occur in eastern most areas most often
- South Africa rainfall will be favorable dispersed over the next ten days
- Europe will continue drier biased for another week, although some showers will occur at times across the south
- Northeastern parts of North Africa will receive some beneficial moisture
- U.S. temperatures are still advertised to be cooler than usual in the west and north-central states as well as in southwestern Canada’s Prairies for a while
- The cold will push into the U.S. Plains and western Corn Belt during the second week of the outlook
- U.S. west-central and southwestern Plains may not get much precipitation for a while
- South Texas, northeastern Mexico and the Texas Coastal Bend are advertised to get some moisture late in the second week of March, but confidence is low
- U.S. Delta, lower eastern Midwest and Tennessee River Basin will be wet biased for a while
- Southern California gets some rain today and central and northern areas will be impacted during the weekend and early next week along with the Cascade Mountains of Washington and Oregon
- Snow fell significantly again overnight from central and southern North Dakota and northern South Dakota into west-central and interior northern Minnesota with 4 to 10 inches resulting
- More snow will fall in the northern U.S. Plains late this weekend into early next week
- Flood potentials will be rising in the U.S. Red River Basin of the North this spring if significant snow continues to fall without any melting during the balance of winter
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