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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 Nov 07, 2023
Tuesday Nov 07, 2023
WORLD WEATHER HIGHLIGHTS FOR NOVEMBER 7, 2023
- Southern Brazil will continue to dry down until the weekend and next week when frequent rain will resume resulting in disruptions to farming activity and the eventual saturation of soil
- Center west and center south Brazil will experience net drying during the next ten days with temperatures rising above normal
- Argentina will see a good mix of weather during the next two weeks supporting summer crop planting and development
- Southern India will be wetter than usual for several more days before drying evolves
- Australia showers will be welcome, but come too late for winter crops in the west and resulting rainfall will be too light for many summer crop areas in Queensland and northern New South Wales
- Europe and the western CIS will see frequent rain for a while bolstering soil moisture in some areas and making the soil a little too wet in other areas
- China’s snowstorm in the northeast is ending
- China’s Yangtze River Basin will be wettest for a while, but the moisture will be good for rapeseed establishment
- U.S. hard red winter wheat areas, the central Midwest and west Texas will be dry for the next ten days
- U.S. southeastern states will continue in drought status for a while longer with no rain for the next week to nearly ten days
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