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Weekly Market Briefs
By Jason Gehler
January 25th, 2023 Edition
Areas of Argentina finally got hit with their first meaningful rains since November, but the country has a very big moisture deficit hole to climb out of. The top half of the graph below shows precipitation totals and indicates that this particular area just got about 2 ½ inches of rain. Notice, however, that the blue lines that represent precipitation events are sparse. The bottom half of the graph shows rain totals compared to normal so the big mustard colored gap indicates quite a deficit.
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