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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 27, 2023
Morning Market Weather Update For Thursday, April 27, 2023
Thursday Apr 27, 2023
Thursday Apr 27, 2023
WORLD WEATHER HIGHLIGHTS FOR APRIL 27, 2023
- Southern portions of Russia’s eastern New Lands and northern Kazakhstan are still advertised dry and warm biased over the next ten days and perhaps a little longer
- Dryness remains in Spain and North Africa
- U.S. hard red winter wheat areas will see some follow up rain later today and Friday that will further improve crop and field conditions for better spring planting and for some additional improvement to wheat conditions
- Dry and warm biased weather in western Canada will promote spring fieldwork
- Eastern Canada’s Prairies and the eastern part of North Dakota and Minnesota will experience cool conditions for another week and the remaining snow will melt; fieldwork will be slow to begin in many areas
- Lower and west-central U.S. Midwest crop areas will receive lighter than usual precipitation over the next two weeks with cool weather in the first week and a return to more normal temperatures in the second week
- Argentina has a little more rain potential for the second week of the outlook today, but net drying will continue in this first week
- Brazil’s center west and center south crop areas will continue to receive restricted precipitation which is normal for this time of year
- Southern Brazil will experience some periodic rainfall that will maintain a good outlook for late season crops
- New South Wales and a part of Queensland will receive some rain briefly Friday into Saturday to benefit future winter crop planting, but follow up rain will be needed
- Watch Western Australia where the need for rain is expected to rise for a while
- Wetter weather is expected in the western CIS while Europe sees routinely occurring rainfall outside of the Iberian Peninsula where it should be dry for a while
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