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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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Thursday Jul 27, 2023
Thursday Jul 27, 2023
WORLD WEATHER HIGHLIGHTS FOR JULY 27, 2023
- Not many changes occurred overnight
- Rain fell in southern Michigan, northern Indiana and northwestern Ohio significantly benefiting crops in that area
- Northwestern U.S. Corn and Soybean Belt will have a tough time getting significant rain to fall for a while, although some showers are expected
- Southwestern U.S. Corn and Soybean Belt and Delta will be hot over the next five days keeping evaporation rates high and inducing new crop stress
- Rain during the August 3-9 period should increase in the lower Midwest and eventually in the Delta to offer some relief from recent dry and hot weather
- Upper U.S. Midwest rainfall may not increase as much during the August 3-9 period, although temperatures should cool down a bit
- Texas and portions of Oklahoma will stay hot and dry for another week
- No changes in Canada’s drought status is expected, despite less excessive heat in the coming ten days
- Mexico’s drought remains serious in the northeast half of the nation
- Europe’s weather is still expected to trend wetter especially in the north and east for a while in the coming ten days which may disrupt some harvest progress
- Western and northern Russia, Ukraine and Belarus will be plenty moist for a while possibly slowing harvest progress
- Russia’s Southern Region, Kazakhstan and southeastern Russia’s New Lands will experience net drying and warm to hot weather over the coming ten days
- No serious changes are expected in China or India during the coming week, but India’s week 2 and week 3 weather is expected to trend drier
- Australia weather will continue wettest in the south during the coming two weeks leaving need for moisture in the north
- Typhoon Doksuri will reach Fujian China Friday as a weak typhoon
- Tropical Depression 06W has formed west of Guam and will become a typhoon in a few days and may threaten Zhejiang and Shanghai, China next week
- Tropical disturbance in eastern tropical Atlantic Ocean may become a tropical cyclone during the weekend or next week, but its track should be over open water in the Atlantic Ocean
- Indonesia and Malaysia rainfall will be lighter than usual for a while leading to the firming of topsoil
- West Central Africa is expected to see drying conditions after recent wet weather in Ghana and southeastern Ivory Coast
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