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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 Jul 11, 2023
Tuesday Jul 11, 2023
WORLD WEATHER HIGHLIGHTS FOR JULY 11, 2023
- Very few changes noted overnight
- Excessive heat and dryness occurred in northern Kazakhstan and southeastern Russia’s New Lands Monday and will linger for a few more days before showers and cooling begin late this week into next week
- Europe will continue very warm to hot with limited rainfall south of the North and Baltic Sea regions for another week to ten days
- North Africa will continue excessively hot for another week
- Central parts of Canada’s Prairies will continue drier than usual for the next ten days
- Some welcome rain fell in southern Alberta, Canada overnight and more is expected in this coming week to ease long term dryness
- Northwestern U.S. Corn and Soybean Production areas will experience erratic rain and mild to cool temperatures for the next ten days and then warming is expected
- Lower U.S. Midwest, the central U.S. Plains, northern Delta and southeastern states will experience the most frequent and significant rain in the next ten days
- Much of Texas will continue very warm to hot and dry for the next ten days
- Far western U.S. states will be warm to hot dry over the next ten days
- Rain began falling in parts of Argentina’s drier wheat areas Monday and overnight and more is expected this week which should improve wheat establishment and planting conditions
- Rio Grande do Sul, Brazil will be too wet in the next ten days to two weeks with multiple inches of additional rain likely
- Safrinha cotton and corn harvesting in Brazil’s center west crop areas will advance well while a few showers will induce some delay in the southern corn areas
- India rainfall will be sufficient to support most crops in the next ten days, but greater rain is needed in the south
- Xinjiang, China and central and western parts of Inner Mongolia will be dry and very warm to hot for a while stressing some crops
- Other areas in China should experience a good mix of weather for the next ten days
- Australia rain will continue mostly in southern most crop areas and it will occur erratically over the next two weeks
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