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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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Friday Jul 07, 2023
Friday Jul 07, 2023
WORLD WEATHER HIGHLIGHTS FOR JULY 7, 2023
- No general theme changes were noted overnight
- A part of central and southwestern Europe will be drying out during the coming ten days
- Hot air will remain over North Africa, but it is not poised to come into Europe
- Northern Kazakhstan and southeastern Russia’s New Lands are still advertised to be dry with warmer than usual temperatures into early next week
- Rain will fall abundantly in India, China and portions of Southeast Asia through then next ten days
- West Africa will continue to see a good mix of weather
- Argentina wheat areas get some rain next week and again July 18-20 to help improve crop establishment, although greater rain may be required to support long term crop development
- Safrinha corn harvesting in Brazil may be slowed by rain in the second half of next week into the following weekend
- Rio Grande do Sul, Brazil may get too much rain next week after some significant rain falls this weekend
- U.S. hard red winter wheat areas are advertised a little drier next week relative to Thursday’s forecasts, but concern remains over wheat quality in southern Kansas and Oklahoma
- Some relief from dryness is expected in southern Alberta, Canada next week while Saskatchewan stays quite dry outside of the far southwest part of the province where rain is likely
- U.S. Midwest weather will be mostly good, although a boost in rain is still needed in the north and it looks like it will get it during then coming ten days
- Texas cropland (outside of the Panhandle) will remain drier and warmer than usual over the next ten days to two weeks
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