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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 06, 2023
Friday Oct 06, 2023
WORLD WEATHER HIGHLIGHTS FOR OCTOBER 6, 2023
- Needed precipitation is expected to arrive in Russia’s Southern Region and parts of Ukraine next week with the precipitation continuing periodically through mid-month
- Europe is expected to trend wetter in the second week of the forecast, Oct. 14-20 raising soil moisture for France, Germany and a few neighboring countries after persistent dryness
- Southeastern Europe may be slower in getting relief from dryness than other parts of the continent
- Australia weather will be dry biased during the next two weeks especially in Western Australia; Victoria will receive some periodic rain and remain the nation’s wettest state
- Argentina’s weather may trend a little wetter in the Oct. 14-20 period, but this first week of weather will only have some restricted shower activity
- Brazil’s center west crop region is advertised to receive greater rainfall starting in the second half of next week and continuing through mid-month
- Southern Brazil will continue quite wet in the coming week threatening wheat quality and delaying the planting of first corn, soybeans, rice and some cotton
- Canada’s Prairies drought will change little in the coming week, despite some mid-week showers likely during mid-week
- Hard freezes this morning from western Canada’s Prairies southward into Montana ended the growing season for some areas that have missed such conditions so far this season; otherwise, there was no significant impact
- Freezes will occur southward into Kansas tonight with hard freezes into Nebraska and a few immediate neighboring areas, but the impact will be minimal on unharvested crops and recently planting winter wheat
- Mexico will trend wetter next week as Tropical Storm Lidia moves inland and another tropical disturbance in the eastern Pacific Ocean pump moisture across the central and south parts of the nation
- U.S. Midwest weather should trend a little wetter in the second week of the forecast benefiting winter wheat, but delaying fieldwork for a brief period of time
- Typhoon Koinu will pass to the south of Hong Kong this weekend, but its peak wind speeds will stay far enough to the south to minimize any potential for port damage; Some shipping delay is to be expected though
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