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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 03, 2023
Tuesday Oct 03, 2023
WORLD WEATHER HIGHLIGHTS FOR OCTOBER 3, 2023
- The single most important rain event of the season will impact New South Wales, Australia wheat, barley and canola areas today and Wednesday bolstering soil moisture and improving yield potentials
- Western Australia will continue too dry
- Frost and freezes in Canada’s Prairies and the northern U.S. Plains will end the growing season Friday and Saturday with some frost and lighter freezes expected in the northern Midwest Saturday and Sunday
- Argentina’s western crop areas will continue too dry, despite some showers today and Wednesday in the southwest
- Interior southern Brazil rainfall is expected to become frequent and heavy at times from northern Rio Grande do Sul to Parana during the coming week resulting in 3.00 to 9.00 inches of rain and possibly more
- The rain will threaten wheat quality and delay the planting of corn, soybeans, rice and cotton
- Mato Grosso rainfall is expected to be sporadic and light over the next ten days raising concern over soybean planting and emergence, although progress is expected to continue
- India’s monsoon has ended in the northwest half of the nation and rain in this coming week will be greatest in the far eastern states
- China will continue too wet from Shaanxi, Sichuan and Hubei into Yunnan over this next five days
- Beneficial rain is expected in southeastern Saskatchewan and Manitoba, Canada along with a part of the northeastern U.S. Plains and upper Midwest today and into Friday morning resulting in improved topsoil moisture that will be of use to crops in 2024
- Portions of U.S. hard red winter wheat areas will not receive sufficient rainfall in the coming week to seriously raise soil moisture, but enough rain will fall to briefly improve emergence and establishment
- Southern Indonesia remains quite dry with little change likely
- Typhoon Koinu will move through southern Taiwan Wednesday resulting in some torrential rain and wind damage in rice and sugarcane areas; the storm will ultimately end up in eastern Guangdong, China this weekend
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