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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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Monday Sep 04, 2023
Monday Evening Market Weather Update For September 4, 2023
Monday Sep 04, 2023
Monday Sep 04, 2023
WORLD WEATHER HIGHLIGHTS FOR SEPTEMBER 4, 2023
- Flooding rain occurred in Rio Grande do Sul, Brazil Friday through Monday and more is expected which may lead to wheat damage, although there will be some timely breaks in the precipitation so that runoff can occur
- Argentina received some badly needed rain during the weekend from eastern Cordoba through southern Santa Fe to northern Buenos Aires immediate neighboring areas where rainfall varied from 1.00 to 2.75 inches
- Southern Argentina; including southern Buenos Aires, La Pampa and southern Cordoba failed to get much rain and remain very dry
- Flooding rain from typhoons Saola and Haikui impacted far southern China and Taiwan respectively
- Damage to rice and sugarcane is being assessed and it will take a few days for the damage reports to surface
- India’s northern crop areas were dry during the weekend and they should remain that way this week. Rain is expected in the central and eastern parts of the nation and that should prove to be beneficial for crops in those areas
- Far southern India still needs greater rain, although there has been some timely rain recently
- Southern Australia will get timely rainfall during the next two weeks, but northern wheat and barley areas will not
- Reproduction is getting under way in Queensland, Northern New South Wales and Western Australia without much moisture in the ground and little to no rain expected
- Central U.S. Midwest crop areas will be dry over the coming week while light rain occurs in the Ohio River Basin and from the northern Plains into Minnesota and Wisconsin
- Rain fell heavily in eastern Mississippi, western Alabama and parts of Florida during the weekend
- U.S. hard red winter wheat production areas are unlikely to get much rain through the weekend, but rain is expected to fall early next week
- Canada’s Prairies weather will favorable for early season crop maturation and harvest progress
- Europe received rain in the southwest during the weekend delaying farming activity, but bringing some relief to dryness in Spain, Portugal and southern France.
- Most tropical cyclones in the western Pacific, eastern Pacific and Atlantic Ocean have dissipated, but a new tropical cyclone will form in the central tropical Atlantic in the next day or two with a second system expected off the Africa west coast later this week
- The storm in the central tropical Atlantic could eventually threaten the northeastern Leeward Islands then shift to the open water east of the United States, but there is plenty of time for change in the outlook and the system should be closely monitored
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