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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 Oct 24, 2023
Morning Market Weather For Tuesday, October 24, 2023
Tuesday Oct 24, 2023
Tuesday Oct 24, 2023
WORLD WEATHER HIGHLIGHTS FOR OCTOBER 24, 2023
- Western Australia will continue to struggle with dryness l
- Central Pacific coastal areas of Australia will get rain in the coming week to ten days
- India will be generally dry for the next ten days, although some rain will fall in the far south
- Tropical Cyclone Hamoon will impact Bangladesh, Myanmar and some far Eastern States in India
- Europe will be quite wet over the next ten days except in the southeastern corner of the continent where dryness will prevail
- Rain will impact winter crop areas of Ukraine and Russia’s Southern Region over the next ten days improving crop establishment potential
- Argentina’s greatest rainfall is over for a while, although some periodic light shower and thunderstorm activity will be possible infrequently
- Center west Brazil will see some showers in the coming week, but much of the resulting rain will not counter evaporation very well
- Interior southern Brazil and southern Paraguay will receive too much rain this weekend into next week resulting in a new round of flooding
- Southern Indonesia will experience some periodic rainfall during the next couple of weeks, although resulting rainfall will be well below normal
- Southern China will receive waves of rain in the next week slowing fieldwork, but benefiting future rapeseed development
- Dry conditions elsewhere in China will be great for harvesting of summer crops and the planting of winter crops
- Bitter cold air will drop through western Canada to the northern U.S. Plains the remainder of this week inducing some snow that results in livestock stress and travel delays
- Some of the North America cold will settle into the central and southern Plains this weekend and early next week
- Warming is expected in western North America during the second week of the outlook while cool air spreads through the eastern parts of the continent
- South Africa’s summer crop areas will get some important rain this weekend and next week, although western areas may be missed
- Tropical Storm Otis may become a hurricane today and reach the Guerrero, Mexico coast as a weakening hurricane later this week
- Tropical Depression 21 will produce heavy rain in parts of Nicaragua and Honduras today and Wednesday with no significant crop damage resulting
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