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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 Mar 15, 2023
Wednesday Mar 15, 2023
WORLD WEATHER HIGHLIGHTS FOR MARCH 15, 2023
- Negative PDO remains strong and has been strengthening in the past few weeks which may prove important for U.S. weather this summer
- U.S. hard red winter wheat production areas are still not advertised to receive much precipitation of significance during the next two weeks, although some light precipitation is expected infrequently
- South Texas, the Texas Coastal Bend and northeastern Mexico have a good chance for rain next week, although frequent follow up precipitation will be needed to ensure the best planting, emergence and establishment conditions for corn, sorghum and cotton
- West Texas weather will remain limited on rain for a while, although totally dry weather is not likely
- U.S. Delta and southeastern states will get enough precipitation to support spring planting and early season crop development
- A snowstorm in the upper Midwest will produce 3 to 9 and local 11 inches of snowfall Thursday from southeastern South Dakota and northeastern Nebraska into much of Minnesota
- Argentina weather will continue drier than usual in the heart of the nation while some showers and thunderstorms occur in the perimeter of crop country
- Limited rainfall from northern Rio Grande do Sul through Parana and to Minas Gerais will induce better harvest and planting weather, but rain will fall abundantly in center west Brazil
- India’s shower activity in the next two weeks could raise some worry over crop quality in a few of the wetter areas
- China’s Yangtze River Basin will still receive the most significant moisture in China over the next two weeks favoring long term rapeseed development
- Limited rain will occur in the North China Plain and northern half of the Yellow River Basin – which is normal for this time of year
- Eastern Australia’s summer crop areas will be dry biased for the next ten days and perhaps longer
- North Africa is still much drier than usual, but a few showers of limited significance will evolve in the coming week to ten days
- Eastern Spain and the lower Danube River Basin remain notably drier biased
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