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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 29, 2023
Wednesday Mar 29, 2023
WORLD WEATHER HIGHLIGHTS FOR MARCH 29, 2023
- No significant changes overnight
- U.S. hard red winter weather in the southwestern Plains and West Texas cotton, corn and sorghum areas will continue to experience dry or mostly dry weather over the next ten days
- U.S. Red River Basin areas of the North will experience two new storm systems over the coming week that will add more moisture to the region’s flood potential; the first is Thursday into Saturday and the second will be during mid-week next week
- Wet biased conditions continue in the Delta, lower Midwest and Tennessee River Basin during the next ten days raising concern over field working delays
- California and western parts of Oregon and Washington will experience plenty of moisture for a while
- Argentina’s weather will be favorably mixed with next week wettest
- Brazil weather will also be favorably mixed with net drying continuing for a while longer in center south crop areas favoring late season soybean harvesting
- Safrinha crops should be developing favorably
- Next week will trend wetter
- Northern India still has one more round of rain coming up for late this week in some of its wheat country maintaining concern over the quality of that crop and a few others produced nearby
- Western CIS and much of Europe will be wetter biased for a while, but spring fieldwork is only just beginning in the south
- Spain, Portugal and northern Africa remain quite dry and little change is likely for ten days, even though a few showers may evolve in Tunisia and northeastern Algeria briefly next week
- South Africa and Australia weather outlooks are similar to those of Monday
- China’s Yellow River Basin will get some welcome rain Sunday into Tuesday, although the precipitation event should weaken over the next couple of days
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