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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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Thursday Apr 20, 2023
Morning Market Weather Update For Thursday, April 20, 2023
Thursday Apr 20, 2023
Thursday Apr 20, 2023
WORLD WEATHER HIGHLIGHTS FOR APRIL 20, 2023
- U.S. hard red winter wheat areas will have three opportunities for rain during the next ten days
- Southwestern areas are least likely to get meaningful rain
- West Texas will continue to miss out on much of the precipitation expected in the Plains, but a few showers will be possible
- U.S. Delta and southeastern states will be wet or become that way in the next seven days
- U.S. Midwest temperatures will be cool and precipitation periodic limiting fieldwork
- Snowstorm in Canada’s eastern Prairies will wind down today, but some of the snow is expected in northern and eastern North Dakota and northern Minnesota
- New storm in the upper U.S. Midwest tonight and Friday will induce more heavy rain, significant runoff and additional flooding
- South America weather appears to be mostly good, especially if rain falls in Mato Grosso as advertised
- Southwestern Europe and North Africa will remain drier than usual
- China’s southern Rapeseed areas will continue very wet
- Southern Australia is advertised wetter next week as a frontal system moves from west to east; the moisture will be good for future wheat, barley and canola planting
- South Africa will continue dry biased
- India will remain cooler biased with limited rain in this first week of the outlook; showers may increase in the last days of April
- Mali to Burkina Faso to remain drier biased for another five to six days and then some showers are possible
- Southeast Asia rainfall will be increasing in Indonesia and Malaysia and possibly in a part of the mainland production areas
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