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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 Sep 29, 2023
Morning Market Weather For Friday, September 29, 2023
Friday Sep 29, 2023
Friday Sep 29, 2023
WORLD WEATHER HIGHLIGHTS FOR SEPTEMBER 29, 2023
- Southeastern Australia rainfall Monday into Wednesday of next week will be welcome and good for maintaining abundant soil moisture in Victoria, but more important to reproducing and pre-reproductive crops in New South Wales where some improved yield potential may result
- Southwestern Australia will continue slowly drying down
- Queensland and northern New South Wales, Australia dryland summer crop areas may not be planted for a while until significant rain falls
- Argentina rainfall over the next ten days remains lighter than usual and unlikely to seriously change drought status
- India’s monsoon continues to withdraw with the northwestern half of the nation moving into its annual dry season
- Brazil’s center south crop areas will be trending wetter next week and staying that way through the middle of October improving first corn, cotton and soybean planting conditions
- Far southern Brazil will trend much wetter again in the Oct. 6-12 period while this first week of the month is a little drier biased
- Ukraine and Russia’s Southern Region as well as the lower Volga River Basin will continue drier than usual through much of the coming week with only a limited amount of relief in the Oct. 6-12 period
- Europe precipitation in the coming ten days will mostly be confined to the North and Baltic Sea regions leaving many areas in the south and east quite dry and in need of winter crop planting moisture
- Too much rain is expected in China from eastern Sichuan and southern Shaanxi to western Henan and Hubei in the coming week resulting in field working delays and possible flooding
- Other areas in China will see a good mix of rain and sunshine
- Central and southern Indonesia will remain unusually dry for the next ten days
- Cold air that had been previously advertised in North America has be reduced in the past day or two
- Upper U.S. Midwest and northeastern Plains will be wettest next week while the eastern Midwest, Delta and southeastern states are dry; second week rainfall will increase in the eastern Midwest and interior southeastern states leaving the central Midwest dry
- U.S. hard red winter wheat areas will get some rain this weekend and more likely next week; its coverage may not be uniform leaving some areas dry biased
- Texas is wetter for next week possibly delaying fieldwork and impacting open boll cotton fiber quality
- Canada’s Prairies will be wettest late this weekend and early next week favoring the east and causing brief field working delays
- Mexico rain may increase late next week and into the following weekend
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