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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 02, 2023
Thursday Mar 02, 2023
WORLD WEATHER HIGHLIGHTS FOR MARCH 2, 2023
- Southern Argentina rainfall is advertised to increase after March 12 by both the European and GFS Ensemble forecast model runs
- No change was noted in Brazil weather overnight
- GFS model is producing too much moisture across the U.S. Great Plains in the second week of the forecast today
- The southwestern U.S. Plains should continue drier biased, but not totally dry during the next two weeks
- South Texas, northeastern Mexico and the Texas Coastal Bend still need significant moisture to improve spring planting conditions
- Northern U.S. Delta crop areas will experience heavy rainfall in the coming week while sufficient rain occurs in the Midwest to maintain wet field conditions
- More snow is coming to the northern U.S. Plains and upper Midwest Saturday night and Sunday with follow up precipitation possible later next week
- India is still facing warm temperatures and restricted rainfall over the next ten days threatening some of its winter crop
- Eastern China will experience net drying over the coming week except from Sichuan and Hubei to Yunnan where some rain is likely
- Eastern Australia dryland crops and livestock areas will continue quite dry for the next two weeks
- Europe weather will trend wetter after Monday
- Western CIS weather will continue plenty wet for the next ten days
- North Africa still needs greater precipitation in Tunisia and interior northeastern Algeria
- Middle East Precipitation will continue lighter than usual
- South Africa weather will remain favorable
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