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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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Monday Jul 17, 2023
Morning Market Weather For Monday, July 17, 2023
Monday Jul 17, 2023
Monday Jul 17, 2023
WORLD WEATHER HIGHLIGHTS FOR JULY 17, 2023
- Western and central parts of Canada’s Prairies will get “some” rain this week by Wednesday morning
- The moisture will be welcome, but not enough to last very long
- Canada’s Prairies and the northern U.S. Plains as well as the Pacific Northwest are facing hot temperatures and no precipitation during the second half of this week through much of next week stressing crops and hurting production potentials
- Extreme high temperatures in the 90s to over 100 Fahrenheit are expected
- Upper U.S. Midwest and the eastern Dakotas will experience some drier than usual weather in the coming ten days raising concern over portions of the region’s corn and soybean crop among others
- Most of the lower and middle U.S. Midwest, Delta and southeastern states will experience a good mix of weather in the next ten days
- Texas will continue very warm and dry for the next ten days over the next ten days
- Argentina will be dry this week and needs rain to improve wheat emergence and establishment
- Brazil will be dry biased this week supporting better wheat conditions in Rio Grande do Sul and allowing Safrinha crops to mature and be harvested in a favorable manner
- Europe will continue to experience drying from France to Poland this week and early next week with temperatures seasonable
- Southern Europe will be hot and dry over the next few days with some cooling this weekend into next week, but rain will remain lacking
- CIS crop areas will remain in good shape, despite some drying in Russia’s Southern Region
- Eastern Russia’s New Lands and northern Kazakhstan will receive some beneficial moisture in the coming week to ten days which may come a little late for some crops, but a bit of improvement should be expected
- Hot and dry weather from Xinjiang China into central and western Inner Mongolia will stress some crops and livestock for a while
- Flooding in northeastern China during the weekend likely had a low impact
- Most of eastern China will experience continued moisture abundance for a while
- Typhoon Talim was expected to move across southwestern Guangdong later today and Tuesday before its remnants reach the Vietnam/China border area. Crop damage is expected in coastal Guangdong while other areas will only experience a minor impact
- India will be abundantly wet in central parts of the nation over the coming week to ten days
- Indonesia and Malaysia rainfall is expected to be more erratic as time moves along leading to pockets of drying
- Portions of Australia have not been receiving as much rain as desired recently and a boost will be needed before seasonal warming occurs in late August and September
- Winter crops are favorably established, but interior Western Australia, Queensland and northeastern New South Wales all need rain soon to maintain the favorable conditions
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