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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 19, 2023
Morning Market Weather For Thursday, October 19, 2023
Thursday Oct 19, 2023
Thursday Oct 19, 2023
WORLD WEATHER HIGHLIGHTS FOR OCTOBER 19, 2023
- Another hot and dry day occurred in center west Brazil, Bolivia and central and northern Paraguay Wednesday and more of the same was expected through Monday; some cooling is expected next week as a boost in scattered showers and thunderstorms occur
- Argentina’s rain potentials are still good for the coming week to ten days with many areas getting much needed rain for a temporary increase in soil moisture
- Southern Brazil’s wet bias will remain in place for the next couple of weeks, although excessive rainfall should be absent for a while
- Much of Australia will be dry or mostly dry during the next ten days; including the very driest areas of Western Australia where the need for moisture is high for reproducing winter crops
- Andhra Pradesh and immediate neighboring areas in southern India are still too dry with little change likely
- China weather is expected to be well mixed in most grain and oilseed production areas; wheat planting will advance well
- Southern China will experience above normal rainfall from Tropical Storm Sanba as it meanders around in the Gulf of Tonkin the remainder of this week
- Heat and dryness continue a serious threat to agriculture in southern Indonesia with extreme high temperatures again Wednesday of 100 to 102 Fahrenheit in western Java
- Western Europe is still expected to become quite wet in the next ten days; flooding may eventually develop in parts of France, northwestern Spain, northern Italy and northern Portugal
- Middle and lower parts of the Danube River Basin will be dry for another week with some relief possible in middle parts of the basin in the Oct. 26-Nov. 1 period while the lower basin stays dry
- Improving precipitation is expected in portions of Ukraine and Russia’s Southern Region during the next couple of weeks
- Tropical Storm Norma will reach the southern tip of Baja California and northern Sinaloa early next week
- Moisture from Tropical Storm Norma will reach interior northern Mexico, parts of Texas and the southeastern corner of hard red winter wheat areas in the U.S. next week bringing some needed relief to dryness
- Cold surge coming to North America next week may induce a snow storm in the upper U.S. Midwest, northeastern Plains and/or southeastern Canada’s Prairies
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