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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 30, 2023
Thursday Mar 30, 2023
WORLD WEATHER HIGHLIGHTS FOR MARCH 30, 2023
- Portions of North Africa will receive needed rain Sunday into Tuesday of next week in northeastern Algeria and parts of Tunisia with coastal areas wettest; other areas in North Africa will be dry until the second weekend for the forecast with light showers are expected
- Northern India will receive additional rain today into early next week raising potential for wheat and other winter crop quality declines
- Argentina will be wettest in the central and north through the coming seven days with rain possible in the south during the April 6-12 period
- Brazil’s center south crop areas will continue in a net drying mode for a while longer supporting late season fieldwork; rain is expected to return in the April 3-10 period
- Two storms slated for the U.S. Red River Basin in the coming week will add to the snowpack and runoff potential when temperatures turn warmer in April
- Flooding will be serious and possibly damaging unless colder than usual weather prevails through April
- Delays in early season U.S. corn and rice planting will continue in the Delta and corn planting delays may extend northward during the first half of April impacting the lowermost Midwest as well
- No changes in drought status will occur for a while in Mexico, southwestern Canada’s Prairies or eastern Spain
- Europe and the westernmost CIS will experience plenty of moisture in the next two weeks outside of the Iberian Peninsula
- China weather should be mostly good for a while and the same is expected in Australia and South Africa
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