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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 Mar 16, 2023
Morning Market Weather Update for Thursday, March 16, 2023
Thursday Mar 16, 2023
Thursday Mar 16, 2023
WORLD WEATHER HIGHLIGHTS FOR MARCH 16, 2023
- Cordoba to Entre Rios, Argentina and farther east to southern Rio Grande do Sul, Brazil is advertised to receive heavy rain early next week by both the GFS and ECMWF forecast models today
- This event may be overdone, although it does have some potential to provide relief to chronic dryness in a portion of central Argentina
- Confidence is low today and the official forecast will decrease the model advertised rain totals, but the system will be closely monitored
- This event may be overdone, although it does have some potential to provide relief to chronic dryness in a portion of central Argentina
- Outside of the above change in South America, Argentina and Brazil’s weather today relative to that advertised Wednesday has not changed
- Not much change occurred in the U.S. either
- Hard red winter wheat areas continue to miss most of the “significant” precipitation events over the next ten days
- U.S. Midwest, Delta and southeastern states will be sufficiently wet for a while
- Another storm in the upper Midwest will produce snow today with a follow up system possible during mid-week next week
- California will continue to see waves of precipitation maintaining a very significant mountain snowpack and runoff potential
- Flood potentials remain high in the Red River Basin of the North for next month because of a deep snowpack and very little melting likely over the next two weeks
- Europe will go back into a dry and warm weather mode for the coming week to ten days with eastern parts of the continent driest and warmest
- Rain will return to the west in the last days of March
- China’s Yangtze River Basin will get abundant rain in the next ten days while other areas are mostly dry
- Eastern Australia will continue dry biased for a while as will South Africa and portions of North Africa
- India’s shower activity in the coming five to six days will raise some concern over crop quality
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