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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 Mar 06, 2023
Morning Market Weather Update For Monday, March 6, 2023
Monday Mar 06, 2023
Monday Mar 06, 2023
WORLD WEATHER HIGHLIGHTS FOR MARCH 6, 2023
- U.S. snowfall was heavy during the weekend in parts of the Dakotas, from northeastern Illinois and northwestern Indiana into southeastern Michigan and throughout the southern two thirds of New England and eastern New York
- Snow totals reached over 17 inches in the northeastern states and over 11 inches in Michigan while up to 11 inches occurred in North Dakota
- Significant rain also fell across the heart of the eastern Midwest
- More snowy weather is likely across the northern Plains, Great Lakes region and northeastern states in the coming week due to the surge of cold air coming south out of Canada this week and early next week
- Impressive snowfall is expected in some areas with more than 20 inches possible by this time next week in a part of the northern Plains and upper Midwest
- Mild to warm weather is likely in the southern U.S.
- No rain precipitation is expected in the west-central through the southwestern Plains during the next ten days
- Some moisture will reach into the lower Delta and far southeastern states, but the cold does not advance as far to the south as previously advertised leaving some areas from south Texas to Florida and Georgia with only a brief period of dryness relief next week
- South and West Texas will stay dry for a while as will northeastern Mexico
- California and western portions of both Washington and Oregon are expecting another week to ten days of active weather with frequent precipitation that will promote abundant runoff this spring
- Argentina rainfall will be greatest in the west and southern parts of the nation over the coming week, but next week “some” relief from dryness may occur in central and east-central parts of the nation
- Brazil weather will be favorably mixed over the next couple of weeks with rain and sunshine expected in all areas that should prove to be good for late season crop development, but harvesting of soybeans and Safrinha planting could be sluggish at times
- India will get some showers this week that will help hold back the temperatures, but no general improvement in winter crop conditions is expected
- Some of China’s Yangtze River Basin will get rain in the coming ten days, but a few northern and eastern areas may experience net drying
- Net drying is likely elsewhere in the nation
- Warming in China is bringing on more aggressive rapeseed development and some wheat is beginning to green up
- Central Queensland will get rain in the coming week and today’s computer models have suggested southern Queensland and northeastern New South Wales may get some rain late this weekend and next week
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