Morning Market Weather Update For Monday, March 20, 2023

WORLD WEATHER HIGHLIGHTS FOR MARCH 20, 2023

• Frost and freezes occurred in the Delta and southeastern United States overnight inducing damage to corn and wheat, although the area impacted was small and probably will not have a big impact on today’s markets
• Significant rain fell in southern Argentina during the weekend and central Argentina will get significant rain during mid-week this week
• Brazil’s Safrinha corn planting and soybean harvest progress likely advanced well during the weekend and more progress is likely this week from northern Rio Grande do Sul and southern Mato Grosso do Sul through Parana and Sao Paulo to southern Minas Gerais where the longer delays in fieldwork have occurred in the past few weeks
• U.S. weather has not changed much with drought to prevail in the southwestern Plains
  • Southern Texas will have opportunity for rain this week, although much more will be needed
  • California will get more rain and mountain snow raising the spring flood potential
  • The Red River Basin of the North will receive more waves of snow during the next ten days and remain colder than usual raising the potential for flooding when warmer weather evolves later this season
  • The U.S. Midwest, Delta and interior southeastern states will remain plenty moist during the next ten days
    • Some dryness relief is likely in the lower Delta and areas east into Florida, although more rain will be needed
• North Africa will continue drier than usual over the next ten days to two weeks raising stress for some dryland crops
• India received rain during the weekend raising concern over the quality of filling and maturing wheat, rapeseed, mustard and pulse crops as well as a few other
  • More rain will fall in northern and eastern crop areas periodically during the next ten days further raising concern over crop conditions, although a widespread serious production cut is unlikely
• China will be wettest in the Yangtze River Basin and areas to the south during the coming ten days
  • More than 6.00 inches of rain fell in the south-central parts of the Yangtze River Basin during the weekend
• China’s lower Yellow River Basin and North China Plain will need moisture soon to maintain a good outlook for spring crop development
• Australia rainfall will be greatest in the southeast this week, but some rain will reach into eastern summer crop areas during the weekend and next week.