DAILY NEWSLETTER OF ESSENTIAL
Sunday, January 29, 2012
MARKET WEATHER INFORMATION
Sunday Evening Forecast Newsle er
QT Weather
weather at a glance
La Nina drying to be on hold Next two weeks exceptionally wet 4+ inch totals to be common
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QT Weather brings you a comprehensive stream of market-relevant domestic and international weather information every day from expert meteorologist Allen Motew. Using radar analysis, USDA data, global satellite and remote sensing coverage, QT offers an extensive package of essential weather information.
A Rare Wet Period Ahead
"Corn is in intensive care," said one Argentine export company executive, who asked not to be identified. "Soy is just checking into the hospital. Reports out of Argentina tell the reality of reduced tax revenue for the nation and crop output for the farmer. The second consecutive year of La Nina drying has now left Argentine crops in intensive care, rivaling the destruction seen in 2008-9.
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Current year versus crop condition in 2008-9.
Satellite remote sensing (as if Jan 24) has Argentine crops similar to 2008-09 in some key spots (left for comparison) and better than in others. The latest crop production will likely end better than 2009 but worse than 2011, also a La Nina season.
Todays weather maps
Todaystorms are brewing over La Pampa and Buenos Aires (Sunday). A two week period of scattered storms is now expected for the entire region. Is this the beginning of the end of La Nina drying?
About Allen Motew
Allen Motew has been an expert weather analyst for more than 35 years. With a Seal of Approval for Broadcasters from the American Meteorological Society, Allen specializes in global weather prediction, synoptic scale and mesonet analysis, and severe weather events. He is trained in forecasting hurricanes, tropical cyclones and international weather events for government and private industry interests from around the globe. A Chicago native, Allen broadcasts his local, domestic and international commodity weather forecasts from the Chicago
Saturdays rains reached La Pampa and southern San Luis. Each of the next 10 days will see more numerous and widespread storminess.
Today and Mondaybeneficial rains will blossom over S and W Argentina, marking the beginning of this growing seasons wettest period.
Sunday and Monday totals
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The week ahead This week will be wet across Argentina. Rains will be heaviest in the NW (5-10 inches?) and 1-2 inches in C and S areas. N areas will see 1.5-3+ inches.
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10 day rainfall according to Sunday GFS model output, persistent storms will soon put a halt to the drought, and La Nina crop destruction.
The next 16 days
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Chicago Board of Trade 141 W. Jackson Blvd., Suite 1255 800.240.8761 ph. 312-896-2050 fax [Link] [Link]
16 day accumulations Widespread 5+ inches...most beneficial for Argentinas soy crop?
Allen Motew