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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 09, 2023
Morning Market Weather Update For Thursday, March 9, 2023
Thursday Mar 09, 2023
Thursday Mar 09, 2023
WORLD WEATHER HIGHLIGHTS FOR MARCH 9, 2023
- Argentina rainfall “may” increase after near and after March 15, according to the latest model runs overnight
- Confidence is relatively good for some increase in rainfall, but how significant that may or may not be remains to be seen
- World Weather, Inc. has been suggesting week 2 rainfall in Argentina would be closer to normal in its afternoon weather outlook maps in recent days and the model change overnight seems to fit this relatively well
- Brazil will continue wet or at least will experience frequent precipitation over the next ten days to two weeks except in Rio Grande do Sul and a few areas in Bahia and Espirito Santo where limited rain is expected to continue.
- India weather is still advertised a little wetter in the east and south during the second week of the outlook today while precipitation through March 15 is more limited
- China’s Yangtze River Basin will receive sufficient rain to support crop development favorably
- Other areas in China will experience net drying and warmer than usual weather for a while
- Central through southeastern Queensland, Australia will receive significant rain over the next few days benefiting all crops, especially those not irrigated
- Europe is still trending wetter with the biggest improvement likely in France, Germany and the U.K.
- S. west-central and southwestern Plains will continue lacking rain with unirrigated wheat needing rain
- South Texas and the Texas Coastal Bend could get some rain during the middle to latter part of next week
- Snow will fall from southern Canada’s Prairies into parts of the Midwest through the weekend
- Impressive snowfall and coastal rain will impact California over the coming week Friday’s storm may produce record snowfall in the southern Sierra Nevada
- North Africa is still advertised dry
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