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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 Nov 03, 2023
Morning Market Weather For Friday, November 3, 2023
Friday Nov 03, 2023
Friday Nov 03, 2023
WORLD WEATHER HIGHLIGHTS FOR NOVEMBER 3, 2023
- Another wind and rain storm is coming to Western Europe tonight and Saturday producing excessive wind, heavy rain and localized flooding.
- Waves of rain will continue to keep western Europe west with local flooding expected eventually
- Central America flooding is expected from northeastern Nicaragua through eastern and northern Honduras to Belize over the next several days with wet weather in other parts of the region
- Additional rain in Argentina overnight has made the past two days of rain ideal for soybean, corn and sunseed planting and winter wheat development in Buenos Aires will benefit as well
- Argentina will see beneficial drying through Tuesday and then some mid- to late-week rain next week in central and eastern parts of the nation maintaining moisture abundance
- Western Argentina is going to need more rain soon
- Southern Brazil heavy rain evolved Thursday and will linger today, but end tonight with dry weather expected through mid-week next week finally helping flood water to abate
- More rain is expected later next week and into the following weekend, though
- Mato Grosso to northeastern Brazil and some northern center south crop areas will get rain Saturday into Wednesday and then trend drier again; the moisture will offer temporary improvement and provide relief from recent dryness, but much more rain will still be needed
- Limited or erratic rainfall is expected in center west and northeastern Brazil during the November 11-17 period
- Western Australia will continue drier than usual, although it is getting too late for the dryness to have much additional impact on production outside of the far south
- Rain in southeastern Queensland and northeastern New South Wales, Australia will be good for dryland sorghum and cotton planting during the coming week, but more rain will be needed and western production areas will not get much moisture
- Unusual warmth in western Asia and eastern Europe will support new winter crop development in southern areas that have recently received rain
- U.S. warming will improve wheat establishment potentials
- U.S. central and southern Plains will be dry for at least a full week
- Rain is needed in western Kansas, southeastern Colorado and the Texas Panhandle
- Drought in the southeastern U.S. will prevail for at least another ten days
- U.S. harvest weather will be improving over the coming week with erratic precipitation and warmer temperatures
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