Morning Market Weather Update For Monday, March 27, 2023

WORLD WEATHER HIGHLIGHTS FOR MARCH 27, 2023

• Rain and snow in the central U.S. Plains was welcome during the weekend lifting topsoil moisture in southern Nebraska, northwestern Kansas and northeastern Colorado
• The southwestern U.S. Plains are still too dry and not likely to see much moisture for a while
• U.S. Planting delays are likely over the next ten days in the Delta and possibly in early April in some lower Midwest locations
• Concern over significant flooding in the Red River Basin and upper Mississippi River Basin remains on the rise, but the runoff will not likely become significant for at least another week.  Some snow melt is expected to begin later this week, though
• Argentina and Brazil experienced quieter weather during the weekend and more of the same is expected this workweek.
  • Argentina will trend wetter in the weekend and especially next week with Brazil wetter in the second week of the outlook
  • Central Brazil crop areas will not likely see much rain for a while in the coming week favoring late soybean harvesting and any other fieldwork that needs to be completed like wheat planting and spraying in Safrinha crop areas
• Spain and North Africa will continue dry biased for much of the next two weeks leading to lower yields in unirrigated wheat and barley production areas
• Northern India received more rain during the weekend along with Pakistan and another storm system is expected in these same areas late this week further raising concern over crop quality
• China weather was excessively wet in the far south during the weekend with 3.50 to 13.23 inches of rain falling
  • Southern China will dry down for a little while this week, but more rain is coming later this week that will be lighter than that of the weekend
• Other areas in China were dry or mostly dry during the weekend and will stay that way for a while this week, but rain is expected to develop during the weekend and continue early next week in the winter wheat and barley production region that will be ideal in restoring favorable soil moisture after drying in recent weeks
• Western CIS crop areas and much of Europe outside of the southwest will be trending wetter in the next week to ten days
• Northern India has another rain event coming up for Wednesday of this week into the weekend resulting in more downward pressure on winter crop quality, especially wheat