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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 03, 2023
Morning Market Weather Update For Monday, April 3, 2023
Monday Apr 03, 2023
Monday Apr 03, 2023
WORLD WEATHER HIGHLIGHTS FOR APRIL 3, 2023
- U.S. Red River Basin of the North flood potential are rising and the weekend snow event has contributed potential runoff to the situation
- New snowfall of 4 to 12 inches and local totals to 18 inches occurred from central South Dakota to west-central Minnesota
- A new storm during mid-week this week will produce 6 to 20 inches of snow and a blizzard across the Dakotas to southern Manitoba Canada and northern Minnesota
- Another 0.50 to 1.75 inches of moisture will be added to the snowpack waiting to be meted
- Temperatures in the north-central United States may rise above normal next week accelerating the snow melt that will begin late this week and during the weekend
- U.S. Delta and Tennessee River Basin will be too wet this week and may experience flooding as another 2.00 to 6.00 inches of rain falls from eastern Texas to the southern Tennessee River Basin
- Another severe weather outbreak is expected Tuesday into Wednesday in the U.S. Midwest and Delta resulting in damaging wind, tornadoes and hail
- Similar conditions occurred Friday into Saturday morning
- U.S. hard red winter wheat areas will continue dry biased this week with temperatures warming this weekend into next week to enhance crop stress in dryland areas
- India’s wet biased weather is ending and better winter crop conditions should result this week and next week
- China’s North China Plain and Yellow River Basin began receiving rain Sunday and it will spread east today resulting in 0.50 to 1.50 inches of moisture, although more than 2.00 inches already occurred in the upper Yellow River Basin and central Inner Mongolia.
- North Africa will get a few showers in northeastern Algeria and Tunisia today after getting rain Sunday and then the region will dry down again
- Dryness has been threatening North Africa durum wheat and barley production this year
- Not much change was suggested for South America this week relative to that of Friday
- Brazil’s center south crop areas will trend wetter later this week into next week
- Southern Argentina, Uruguay and southern Rio Grande do Sul will be dry biased this in this first week to 8 or 9 days of the outlook
- Eastern Australia weather will be drier biased this week while some welcome showers occur in the far southern part of the nation.
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