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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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Wednesday Feb 15, 2023
Wednesday Feb 15, 2023
WORLD WEATHER HIGHLIGHTS FOR FEBRUARY 15, 2023
- Not much changed in the world overnight
- Southern Argentina will be dry or mostly dry through the end of this month
- Brazil will continue too wet for the next two weeks in Parana, Sao Paulo, southern Minas Gerais and a part of Mato Grosso do Sul
- Mato Grosso will see good harvest and planting weather at times the remainder of this week, but rain will increase this weekend and next week slowing field progress once again
- U.S. hard red winter wheat areas will get some snow today with 3 to 7 inches of accumulation expected and locally more; including eastern Colorado, much of western and central Kansas and southern Nebraska
- No drought busting moisture is likely, but the moisture from melting snow will help improve winter crops later this season
- Plenty of moisture is expected to fall across the U.S. Midwest, Delta and southeastern States over the next two weeks maintaining abundant soil moisture
- Europe continues unusually dry raising worry over long term soil moisture ahead of spring crop development
- North Africa rain will be greatest in southwestern Morocco, but there are no crops there that will benefit from the moisture
- India will stay dry biased over the next two weeks
- Eastern China will see brief periods of rain and snow over the next two weeks, although most of the precipitation will be light
- Waves of snow will accumulate significantly from eastern Belarus and the Baltic States to a part of Russia’s Southern Region during the next two weeks
- Eastern Australia still needs significant rain to fall in unirrigated areas of Queensland and New South Wales
- Eastern South Africa will be wet in the next ten days while the west remains in need of greater rain
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