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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 06, 2023
Thursday Jul 06, 2023
WORLD WEATHER HIGHLIGHTS FOR JULY 6, 2023
- Very little change was noted in the model data overnight
- Wheat areas in Kansas and Oklahoma will run a high risk of a grain quality decline because of too much rain in the coming week
- Northern U.S. Midwest corn and soybean production areas will not get high volumes or high frequency rain events and a greater amount of moisture will be needed to reduce crop moisture stress
- Lower U.S. Midwest crop areas will remain in favorable shape for relatively normal crop development
- Texas cotton, corn, sorghum and other crop areas will get very little rain for the next ten days while temperatures are reaching into the 90s and slightly over 100 Fahrenheit frequently resulting in rising crop moisture stress especially in unirrigated crop areas
- Northern Kazakhstan and southeastern Russia’s New Lands will experience net drying conditions for a while and stress may return to a part of the spring wheat and sunseed crop produced in the region
- India and China’s weather will remain favorably rated for summer crop development, although portions of Inner Mongolia will continue too dry and warm for optimum wheat, sunseed, sugarbeet or corn development
- Australia’s weather will be drier biased for a while after recent welcome rain, although Queensland still needs much more moisture
- Argentina wheat areas still have a big need for greater rain, but only some scattered showers are expected in this coming week
- Southern Safrinha corn harvest weather in Brazil may deteriorate late this weekend into next week as showers begin the plague the region
- The tropics are still very quiet, although a tropical cyclone will develop west of Mexico in this coming week with no threat to land
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