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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 Sep 28, 2023
Morning Market Weather For Thursday, September 28, 2023
Thursday Sep 28, 2023
Thursday Sep 28, 2023
WORLD WEATHER HIGHLIGHTS FOR SEPTEMBER 28, 2023
- Western Argentina rainfall prospects remain poor for at least the next ten days
- Brazil’s center west crop areas will experience a slowly increasing shower and thunderstorm pattern beginning next week and lasting through the following weekend and probably into mid-month
- Center south Brazil rainfall will begin to increase greatly this weekend and next week with coffee areas of Sul de Minas, northeastern Sao Paulo, Zona da Mata and southern Cerrado Mineiro most favored
- Some first season corn and soybean planting and emergence will benefit from this rain as will the flowering of citrus and early season sugarcane development
- Far southern Brazil will benefit from net drying conditions over the next several days and then turn wetter again late next week
- Ukraine, Russia’s Southern Region and middle and lower Volga River Basin will be dry for one more week and then “some” showers will develop favoring eastern Ukraine and the middle Volga River Basin with light rainfall; greater rain will still be needed
- Europe rainfall will be limited over the next week, although it will not be completely dry; there is need for rain in most of the east and south
- China’s greatest rain will fall from Sichuan to western Henan during the next week with delays to harvesting and planting likely and there may be “some potential” for flooding
- Wet weather is also expected in far southern China while a favorable mix of weather is likely elsewhere in the nation
- Australia rainfall will remain confined to the south with the southeast part of the nation getting most of the precipitation; greater rain is needed over a larger part of the south to adequately support winter crops as they approach and move into reproduction
- India’s monsoonal precipitation is diminishing from the northwest to central areas and this will continue into next week
- Southern Indonesia will continue quite dry and in need of rain; some net drying is occurring in other areas as well
- Western Canada and the U.S. Pacific Northwest will trend colder in the next week with some of that cold shifting into the central parts of North America in the second week of the outlook
- Canada’s western and northern Prairies will trend wetter this weekend and especially next week as cooling evolves
- U.S. hard red winter wheat areas will get some welcome rain this week and again next week, although more may be needed
- U.S. Midwest, Delta and southeastern states summer crop maturation and harvest weather should be mostly good through early next week and then begin trending wetter in the Oct. 5-12 period
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