DAILY NEWSLETTER OF ESSENTIAL

Wednesday, January 04, 2012

MARKET WEATHER INFORMATION

Morning forecast

QT Weather
weather at a glance
Thursday rains will be minimal Next rains for C Arg in one week Locals say drought worst since 1906

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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.

The Damage Is Done

Another 7 days of no rain for Central Argentina. Thursdays anticipated rains for S Cordoba, La Pampa and S Buenos Aires are now expected to be a non-event, however every little bit of moisture will be appreciated (0.01-0.25). The damage has likely been done across most of C Argentina, with some saying the drying there has been the worst since 1906. Isolated areas has seen no rain at all in September and December, and far below normal totals in October and November.

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December rains were minimal in the heart of Argentinas Corn Belt, hitting Cordoba (26% corn/29% beans), N Buenos Aires (27% corn/20% beans) and Santa Fe (12% corn/28% beans).

Todays weather maps

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 Board of Trade.

CORN

Thursday and Fridays rains have been curtailed. Modeled relief for southern areas has been cut in half by the 06z GFS run, and rains do not make it into key central and eastern areas until the middle of next week.

Next weeks rainsrains initially show as spotty but locally heavy next Wednesday and Thursday, the heaviest heading for far western areas. 0.50-1.25 inches is seen for parts of Entre Rios, Buenos Aires and Cordoba, with Santa Fe initially seeing the least. The second round of rain then begins on Saturday, the 14th.

Weather
QT In formation Systems
Chicago Board of Trade 141 W. Jackson Blvd., Suite 1255 800.240.8761 ph 312-896-2050 fax www.qtweather.com www.qtinfo.com

Todays weather maps

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Late next week a second round of rain potentially hits C Argentina Saturday 1/14 and Sunday 1/15, but will be too late for many farmers. This event is shown to be very heavy, leaving a swath of 1.25-4.00 inch totals over Cordoba, Santa Fe and Entre Rios.

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Weather
QT In formation Systems
Chicago Board of Trade 141 W. Jackson Blvd., Suite 1255 800.240.8761 ph 312-896-2050 fax www.qtweather.com www.qtinfo.com

The next 7-days will see a spreading out of the heat across Argentina being above normal in all but the NW and coastal Buenos Aires.

ALLEN MOTEW