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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 Oct 13, 2023
Morning Market Weather For Friday, October 13, 2023
Friday Oct 13, 2023
Friday Oct 13, 2023
WORLD WEATHER HIGHLIGHTS FOR OCTOBER 13, 2023
- Brazil and northern Argentina weather is still advertised to trend wetter in the last week of this month, but there is reason to be skeptical of the computer forecasts due to their tendency to follow climatology in the longer range forecasting.
- A boost in precipitation is expected, although its significance is going to be debated for a while
- A close watch on the Amazon River Basin weather is warranted for a clue as to when and if improved rain will reach center west Brazil
- Western Australia will remain too dry for reproducing and filling winter wheat, barley and canola over the next ten days
- Queensland, Australia dryness will prevail for the next two weeks leaving dryland summer crop fields unplanted for a while longer
- Argentina’s drought remains for a while longer, but may get some relief near and beyond mid-month
- Center west Brazil rainfall is expected to continue erratic into late month; many areas are too dry, despite scattered showers
- Southern Brazil remains much too wet and waves of rain will continue threatening wheat quality and delaying summer crop planting
- Southern Indonesia drought conditions remain serious with little chance for change
- Northern India may get some beneficial planting moisture late this weekend into next week for winter crop areas, although it will be light; some delay to early season harvest progress is expected and there may be “some” concern over cotton quality
- Andhra Pradesh, India is too dry and needs rain
- Southern Russia and Ukraine showers in the next two weeks will be light and erratic benefiting some areas, but leaving the need for more rain; rainfall will be greatest during mid-week next week and in to the following weekend
- U.S. precipitation will continue greatest in the northern Midwest into Saturday causing some delay to summer crop harvesting
- Windy conditions are likely to continue in the central U.S. today; Peak gusts Thursday reached 60 mph
- Colder than usual temperatures are expected in the lower Midwest, southern Plains and southeastern states this weekend into next week, but warming is expected in the following week
- Canada’s Prairies will remain largely dry until mid-week next week when some showers are expected; temperatures will be quite warm
- Myanmar and western Thailand will continue to receive frequent rain improving water supply and soil moisture
- Central and northern Vietnam is expecting torrential rain in the coming week
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