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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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Tuesday Feb 28, 2023
Morning Market Weather Update For Tuesday, February 28, 2023
Tuesday Feb 28, 2023
Tuesday Feb 28, 2023
WORLD WEATHER HIGHLIGHTS FOR FEBRUARY 28, 2023
- More snow will fall in a part of the northern U.S. Plains and upper Midwest today and Wednesday resulting a greater snowpack across the Red River Basin
- Spring flood potentials may soon begin to rise due to the substantial snow that is piling up across the region
- Spring flooding is real possibility this year in southwestern Russia and immediate neighboring areas of Belarus where the ground is saturated beneath an impressive snowpack
- Northeastern parts of North Africa and areas from Italy into the Balkan Countries will receive rain for a few more days while other areas in Europe are relatively dry
- Some increase in precipitation is expected next week from France into the Baltic Plain while southern Europe dries down
- Western CIS crop areas will continue to experience frequent snow and rainfall during the next ten days maintaining wet field conditions
- China’s southern Sichuan to eastern Yunnan corridor will be wettest region for a while
- Net drying is expected in many other areas due to warmer than usual temperatures and limited precipitation
- India’s weather will continue to be drier biased through the weekend, but there will be a potential for “some” showers next week
- Resulting rainfall will be limited though
- Interior Eastern Australia’s dryland crops will continue to be stressed because of low soil moisture and limited rainfall
- South Africa will trend wetter again in its summer crop areas later this week into next week
- Argentina’s first week outlook is still not offering much drought relief in the central or south, but week two of the forecast still offers some potential for needed rain
- Brazil weather forecast has not changed much relative to that of Monday with periods of rain likely in much of the nation excluding the northeast where parts of Bahia, northeastern Minas Gerais and Espirito Santo will be dry until late in the second week when some rain will finally evolve
- U.S. central and eastern Midwest, Delta and Tennessee River Basin will be plenty moist over the next two weeks
- Cooling is likely in the central parts of North America during the second week of March
- U.S. hard red winter wheat areas will not get much precipitation for a while, although another disturbance is expected to impact parts of the region Thursday into Friday and again March 8-9
- Snow will fall in the northern Plains today
- Snow and rain will continue to impact California into Wednesday and again for a little while next week
- West and South Texas and many areas in the Gulf of Mexico coastal areas as well as Florida will be dry for the next ten days
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