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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 Nov 02, 2023
Thursday Nov 02, 2023
WORLD WEATHER HIGHLIGHTS FOR NOVEMBER 2, 2023
- Storm in northwestern Europe produced 128 mph wind speeds in the northwestern tip of France, brought power outages to millions of people in northwestern Europe and induced property damage Wednesday into today
- Another storm is expected Friday into Saturday that will also induce some damage, but it will be less impactful relative to today’s storm
- Waves of rain will continue to keep western Europe west with local flooding expected eventually
- Central America flooding is expected from northeastern Nicaragua through eastern and northern Honduras to Belize over the next several days with wet weather in other parts of the region
- Rain has evolved in Argentina with sufficient amounts bolstering soil moisture for improved summer crop planting conditions
- Southern Brazil is expecting another bout of flooding rainfall today and Friday followed by drying from Saturday through Wednesday before more rain falls periodically into the following weekend
- Mato Grosso to northeastern Brazil and some northern center south crop areas will get rain Saturday through Wednesday and then trend drier again; the moisture will offer temporary improve and provide relief from recent dryness
- Western Australia will continue drier than usual, although it is getting too late for the dryness to have much additional impact on production outside of the far south
- Rain in southeastern Queensland and northeastern New South Wales, Australia will be good for dryland sorghum and cotton planting Friday through early next week, but more rain will be needed and western production areas will not get much moisture
- Unusual warmth in western Asia and eastern Europe will support new winter crop development in southern areas that have recently received rain
- U.S. warming will improve wheat establishment potentials
- U.S. central and southern Plains will be dry for at least a full week
- Rain is needed in western Kansas, southeastern Colorado and the Texas Panhandle
- Drought in the southeastern U.S. will prevail for at least another ten days
- U.S. harvest weather will be improving over the coming week with more erratic precipitation and warmer temperatures
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