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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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Sunday Mar 19, 2023
Sunday Evening Market Weather Update For March 19, 2023
Sunday Mar 19, 2023
Sunday Mar 19, 2023
WORLD WEATHER HIGHLIGHTS FOR MARCH 19, 2023
- Significant rain fell in southern Argentina during the weekend and central Argentina will get significant rain during mid-week this week
- Brazil’s Safrinha corn planting and soybean harvest progress likely advanced well during the weekend and more progress is likely this week from northern Rio Grande do Sul and southern Mato Grosso do Sul through Parana and Sao Paulo to southern Minas Gerais where the longer delays in fieldwork have occurred in the past few weeks
- U.S. weather has not changed much with drought to prevail in the southwestern Plains
- Southern Texas will have opportunity for rain this week, although much more will be needed
- California will get more rain and mountain snow raising the spring flood potential
- The Red River Basin of the North will receive more waves of snow during the next ten days and remain colder than usual raising the potential for flooding when warmer weather evolves later this season
- The U.S. Midwest, Delta and interior southeastern states will remain plenty moist during the next ten days
- Some dryness relief is likely in the lower Delta and areas east into Florida, although more rain will be needed
- Frost and freezes in the U.S. Delta and southeastern states overnight tonight will bring permanent damage to booting and heading wheat in minor production areas
- North Africa will continue drier than usual over the next ten days to two weeks raising stress for some dryland crops
- India received rain during the weekend raising concern over the quality of filling and maturing wheat, rapeseed, mustard and pulse crops as well as a few other
- More rain will fall in northern and eastern crop areas through this workweek further raising concern over crop conditions
- China will be wettest in the Yangtze River Basin and areas to the south during the coming ten days
- China’s lower Yellow River Basin and North China Plain will need moisture soon to maintain a good outlook for spring crop development
- Australia rainfall will be greatest in the southeast this week, but some rain will reach into eastern summer crop areas during the weekend and next week.
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