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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 Mar 14, 2023
Morning Market Weather Update For Tuesday, March 14, 2023
Tuesday Mar 14, 2023
Tuesday Mar 14, 2023
WORLD WEATHER HIGHLIGHTS FOR MARCH 14, 2023
- No major changes occurred overnight
- China will see frequent rain in the Yangtze River Basin supporting aggressive rapeseed development and some early rice planting
- India will experience unsettled shower active from late this week into early next week possibly benefiting a few late season crops, but no serious improvement in yield potential is expected and most of the precipitation should not harm wheat quality
- Eastern Australia rainfall is ending and a drier forecast will resume for Queensland and New South Wales over the next ten days
- North Africa will see mostly dry weather for another week and then scattered showers will resume and the moisture may be helpful in raising soil moisture for reproduction
- Europe weather will continue active in the northwest over the coming week and then wetter for most of the west and northeast
- Southeastern Europe is not likely to see much precipitation of significance for a while
- Melting snow continues in parts of western Russia and precipitation will be light enough to help reduce flood potentials, but areas of standing water and localized flooding are likely
- Argentina’s weather will continue a little too dry for a while longer; some showers are expected, but drought busting rain will be hard to come by for a while
- Brazil weather will be less wet for parts of Parana, Sao Paulo and southern Minas Gerais over the next ten days, although rain is still expected periodically
- Center west Brazil as well as Tocantins, Maranhao, Piaui, Goias and western Bahia are expected to get some periodic rainfall through the next two weeks maintaining wet field conditions
- U.S. hard red winter wheat production areas are not expecting much precipitation for a while, but some shower activity of limited significance is likely
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