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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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Tuesday Jan 23, 2024
Morning Market Weather For Tuesday, January 23, 2024
Tuesday Jan 23, 2024
Tuesday Jan 23, 2024
WORLD WEATHER HIGHLIGHTS FOR JANUARY 23, 2024
- U.S. Delta is facing flooding rainfall over the next five days
- Rain totals of 3.00 to 6.00 inches and local totals of upwards to 10.00 inches are expected by Sunday
- The area includes one of the nation’s driest regions and will largely remove dryness from the region
- Moderate rain occurred Monday and overnight from eastern Texas to central Arkansas where rain totals varied from 1.00 to 3.00 inches
- Argentina will continue to dry down for another week to ten days, but rain potentials should rise in early February
- Crop moisture stress will be greatest in central and southern Buenos Aires and central and southern La Pampa for a while especially in the late double cropped soybean areas where recently planting has left some crops with short root systems
- Most of the Brazil will get rain with moderate to heavy amounts in the north from Bahia and northern Minas Gerais to Tocantins and northern Goias
- Sao Paulo, southwestern Minas Gerais, eastern Mato Grosso do Sul and southern Goias will receive lighter than usual rain, but showers will occur to maintain crop needs
- Tropical Cyclone 07P has formed northeast of Queensland, Australia with landfall expected Thursday along the central Coast
- This storm promises to bring dryness easing rain to interior eastern Queensland cotton, sorghum, peanut and other coarse grain and oilseed production areas
- Sugarcane will benefit as well
- This storm promises to bring dryness easing rain to interior eastern Queensland cotton, sorghum, peanut and other coarse grain and oilseed production areas
- Stormy weather in northern Europe will produce some strong wind rain and rough seas over the next couple of days
- Southwestern and west-central Europe and North Africa will be dry biased over the next ten days to two weeks
- Drought will continue in southern Spain, portions of Morocco and northwestern Algeria
- South Africa will get timely rainfall, although western summer crop areas will need higher volumes of rain to maintain the best crop development potential
- Western CIS will continue to see waves of snow and some rain keeping spring flood potentials higher than usual
- India precipitation potentials remain poor as reproduction of winter crops approaches
- Greater rain is needed to support reproduction
- China weather will remain fine along with most of Indonesia, Malaysia and southern and eastern Philippines
- Northwestern Luzon Islands, Philippines is a little too dry
- Canada’s Prairies and the northern U.S. Plains will remain dry and warm biased for the next ten days and possibly longer
- West Texas will get a little moisture soon, but not enough to seriously change the moisture profile
- U.S. Midwest crop areas will get enough moisture to maintain good field conditions except in the far northwest where there will be some need for spring precipitation ahead of planting
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