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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 Oct 12, 2023
Thursday Oct 12, 2023
WORLD WEATHER HIGHLIGHTS FOR OCTOBER 12, 2023
- Few changes overnight
- Western Australia will remain too dry for reproducing and filling winter wheat, barley and canola over the next ten days
- Queensland, Australia dryness will prevail for the next two weeks leaving dryland summer crop fields unplanted for a while longer
- Argentina’s drought remains for a while longer, but may get some relief near and beyond mid-month
- Center west Brazil rainfall is expected to continue erratic into late month; many areas are too dry, despite scattered showers
- Southern Brazil remains much too wet and waves of rain will continue threatening wheat quality and delaying summer crop planting
- Southern Indonesia drought conditions remain serious with little chance for change
- Rain in the southeastern United States Wednesday will linger today delaying fieldwork and temporarily discoloring cotton fiber
- Northern India may get some beneficial planting moisture late this weekend into next week for winter crop areas, although it will be light; some delay to early season harvest progress is expected and there may be “some” concern over cotton quality
- Andhra Pradesh, India is too dry and needs rain
- Southern Russia and Ukraine showers in the next two weeks will be light and erratic benefiting some areas, but leaving the need for more rain; rainfall will be greatest during mid-week next week and in to the following weekend
- U.S. weather will be briefly wetter in the northern Midwest today into Friday with a small follow up storm system late next week
- Windy conditions are likely in the U.S. Plains today and Friday with some concern over mature cotton in the southwest
- Colder than usual temperatures are expected in the Midwest, southern Plains and southeastern states this weekend into next week
- Canada’s Prairies will remain largely dry for the coming week while Ontario and Quebec, Canada slowly begin to dry out after recent abundant rain
- Myanmar and western Thailand will continue to receive frequent rain improving water supply and soil moisture
- Central and northern Vietnam is expecting torrential rain in the coming week
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