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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 Oct 30, 2023
Monday Oct 30, 2023
World Weather Highlights For Monday, October 30, 2023
- Excessive rain and flooding occurred in from southern Paraguay into southern Brazil during the weekend and replanting is expected
- Another 2.00 to 5.00 inches of rain will fall in southern Brazil this workweek and then a week's worth of drying is likely
- Rain prospects are improving for this weekend and next week in center west and northeastern Brazil
- Argentina summer crop planting and southern wheat development conditions are improving
- India and China weather will remain mostly good
- Western and northern Europe will continue to get frequent rain inducing a notable increase in soil moisture and runoff
- Southeastern Europe will continue drier than usual
- Rain and snow are falling frequently in the western CIS easing dryness in many (not all) southern areas
- Western Australia remains too dry
- Eastern Australia dryland cotton and sorghum areas will receive some welcome rain this weekend into next week
- Southeast Asia rainfall is favoring crops except some in southern Indonesia where it is still too dry
- Central Africa rainfall will be increasing to support coffee, cocoa, rice and sugarcane
- Tropical Storm Pilar formed south of El Salvador during the weekend and will move erratically this week bringing some rain to Central America during mid-week
- U.S. harvest weather will improve this week and during the weekend after recent rain and snow
- Drought will continue in the southeastern U.S.
- Cold weather will continue this week in the central United States
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