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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 May 19, 2023
Friday May 19, 2023
WORLD WEATHER HIGHLIGHTS FOR MAY 19, 2023
- Frost and freezes occurred this morning in western North Dakota and surrounding areas; extreme lows slipped to 28 Fahrenheit
- Frost in Canada’s Prairies overnight had a limited impact
- Drying is likely in the northern U.S. Plains and portions of Canada’s Prairies through the weekend and into early next week with warming temperatures that will help accelerate drying and induce better planting conditions in the wetter areas
- Central and some western parts of the U.S. Midwest will experience net drying over the next ten days due to restricted rainfall and warm temperatures
- Some rain of significance fell in Kansas and the Texas Panhandle overnight lifting topsoil moisture in favor of better crop development in winter and summer crop areas
- Argentina rainfall will benefit wheat planting over the next ten days
- Safrinha corn and cotton areas in Brazil will be dry over the next ten days to two weeks which is normal
- Southern Brazil temperatures may cool down in early June
- Drying is expected in Russia’s New Lands over the coming week with temperatures trending warmer than usual
- China weather will be well mixed with rain and sunshine over the next ten days, although dryness will remain in parts of Inner Mongolia
- Northeastern Xinjiang, China will experience showers and milder than usual weather through the next ten days
- Western Xinjiang, China will cool down for a little while in the coming week after a few days of beneficial warmth
- Increasing rainfall is expected next week in Thailand and other mainland areas of Southeast Asia where it has been dry
- Rain will be abundant in Indonesia and Malaysia during the next ten days
- Europe weather will be favorable over the next ten days with the greatest precipitation in the south
- North Africa is still anticipating greater than usual rain in the coming week that will come too late for crops
- Australia rainfall will be limited for the next ten days with coastal Victoria being the wettest area
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