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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 27, 2023
Friday Oct 27, 2023
WORLD WEATHER HIGHLIGHTS FOR OCTOBER 27, 2023
- Not many changes overnight
- Frost and a few light freezes occurred again Victoria and southeastern South Australia overnight resulting in pockets of possible damage to wheat, barley, canola and some pulse crops, though most of the damage was minimal
- Southern Brazil flooding is expected over the coming week as 4.00 to more than 10.00 inches of rain results over already saturated ground; replanting of some crops will be needed and some property damage is likely
- Center west Brazil rainfall will be restricted to scattered showers of light intensity in this first week of the forecast and then “some” increase in rainfall is possible in the second week
- Argentina weather has changed little overnight with showers and thunderstorms occurring erratically during the next week to ten days with some increase in rainfall during the second week of the forecast
- Europe will continue trending wetter with western parts of the continent eventually becoming a little too wet
- Southeastern Europe will be drier than usual in this first week of the forecast and then trend a little wetter
- Russia’s Southern Region and Ukraine will receive additional waves of rain and stay warm enough for winter crops to benefit from improving soil moisture, although southern Ukraine and a few southern areas of Russia’s Southern Region will need more rain
- Southern Indonesia rainfall will continue lighter than usual for an extended period of time
- Bitter cold in Canada and the northwestern U.S. Plains is poised to surge southeast this weekend and early next week with freezes occurring southward into central Texas, the Northern Delta and the northern Tennessee River Basin
- A wintry mix of precipitation is expected in U.S. hard red winter wheat areas this weekend to increase topsoil moisture in a few areas
- U.S. southeastern states and the lower Delta will remain dry for much of the coming week and possibly for ten days
- South Africa will receive some beneficial moisture for summer crop planting
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