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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 Feb 16, 2023
Thursday Feb 16, 2023
WORLD WEATHER HIGHLIGHTS FOR FEBRUARY 16, 2023
- Central Argentina’s best potential rain event is today and early Friday
- Rain has already evolved in a part of Cordoba and in a few neighboring areas of southern and western Santa Fe overnight and additional rain is expected today
- Most of Argentina’s greatest rain during the next ten days will be in western and northern crop areas as predicted earlier this week
- Beneficial rain is expected in the north, but not in Buenos Aires, La Pampa, southern Cordoba, southern Santa Fe or portions of Entre Rios
- No changes were noted in Brazil’s weather overnight
- S. weather is expected to trend cooler as late February arrives, but the cold will first accumulate in the north-central states and in Canada where readings may be bitterly cold by this time next week
- Europe and Asia temperatures are still advertised warm during the next ten days
- High pressure ridge building in the south-central and southeastern United States over the next ten days will heat up those areas while periods of rain lighten up for a while especially in the southeastern states
- Florida, southern Georgia and South Carolina will be dry for a while
- West Texas and the Texas Coastal Bend will not get much rain for a while and the planting season is quickly approaching
- Snow has fallen in the central U.S. Plains overnight with up to 7 inches noted in western Kansas and eastern Colorado
- Another round of snow is likely in the northern Plains and upper U.S. Midwest during mid-week next week as cold air seeps southward from Canada
- S. Tennessee River Basin will be wettest for the next ten days
- New waves of rain and mountain snow are expected in California during the last week of this month
- Portions of Western Europe will trend wetter in the second week of the two week forecast
- Eastern Europe will be wettest into the weekend while Western Europe is dry
- No change in the dry India forecast was noted overnight
- No change for China, Australia or South Africa as well
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