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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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Monday Apr 17, 2023
Monday Apr 17, 2023
WORLD WEATHER HIGHLIGHTS FOR APRIL 17, 2023
- Snowstorm in eastern Canada’s Prairies Tuesday through Thursday of this week will produce 0.50 to 1.50 inches of moisture and local totals to 2.00 inches with 6-15 inches of snow and local totals of 15-20 inches – some weakening of the storm is expected
- Southwestern Canada’s Prairies will remain drier biased through the end of this month
- Freezes are still expected in hard red winter wheat areas this coming weekend occurring as far south as Oklahoma
- Freezes will also occur in the Midwest, northern Delta and as far south as Kentucky with frost in Tennessee late in this coming weekend
- West-central and southwestern U.S. Plains may get some showers as colder air arrives late this week and there “may” be some potential for showers again as warmer air returns next week
- This will include both hard red winter wheat areas and corn sorghum and cotton
- Moisture totals are not advertised to be very great today, but the orientation of the weekend cold and associated high pressure system will dictate the rain potential
- U.S. Red River Basin of the North flooding may not be as bad as feared if precipitation will be limited during the next few weeks
- Cold temperatures in the coming ten days will help slow the remaining snow melt
- Canada’s Red River Basin and the Assiniboia River Basin flood potentials may worsen with the onset of this week’s significant snowstorm and the snow water equivalency that will run off into the Red River in Manitoba eventually
- No change in dryness was suggested for Spain, Portugal or North Africa during the next ten days, despite a few showers expected
- Favorable crop weather is expected in most areas of the world; including China, India, Australia, South Africa, Europe (away from the southwest) and Ukraine, Belarus and Russia’s Southern Region
- Argentina will be drier biased in the coming week favoring summer crop harvesting; some showers will occur in days 8-10
- Brazil’s Safrinha corn south of Mato Grosso will get rain through mid-week this week while other areas are drying down
- Most of the late week this week and next week will be drier biased throughout Brazil
- Mali and Burkina Faso cotton areas will remain dry
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