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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 31, 2023
Morning Market Weather For Tuesday, October 31, 2023
Tuesday Oct 31, 2023
Tuesday Oct 31, 2023
WORLD WEATHER HIGHLIGHTS FOR OCTOBER 31, 2023
- Center west Brazil rainfall will continue restricted into the weekend with increasing shower activity next week
- Southern Brazil will receive additional waves of heavy rainfall into Friday before several days of drying finally evolves
- Additional flooding is expected and concern over replanting of summer crops will remain
- Argentina will receive enough rain Wednesday and Thursday to bolster soil moisture in summer crop planting areas so that aggressive planting can occur later in November; some showers are expected today as well
- Argentina will receive additional rain during mid-week next week, although will be mostly in the east-central and northeast
- Rain advertised in northeastern Brazil during the second half of this week and into the weekend will moisten the topsoil for planting
- Freezing temperatures this morning and those expected Wednesday and Thursday in the southern United States will be earlier than usual, but the impact on unharvested crops should be low
- U.S. weather will trend much warmer this weekend into next week
- U.S. summer crop harvest weather should be mostly good, although there will be some periodic delays
- U.S. hard red winter wheat areas will be dry for a while
- Texas cotton harvesting will advance swiftly following this week’s freezes with no rain expected for at least ten days
- Western Europe will continue quite wet for an extended period of time
- Flooding possible in portions of the Adriatic Sea nation’s including Italy
- Flooding is also possible in time over western and southern France, northern Spain and northern Portugal
- Southeastern Europe (including the Black Sea region) will be dry biased for a while, although some showers are expected
- Unusually warm weather from eastern Europe through western Asia will allow winter crops in the Black Sea region to become better established after recent rain
- Far southern India will be wet over the next ten days while seasonal drying occurs elsewhere
- Western Australia rainfall will continue inadequate for winter crops
- East-central Australia rainfall will favor dryland sorghum and cotton planting in southeastern Queensland and northeastern New South Wales Friday through the first half of next week
- South Africa is warming up from its recent unusual bout of cold with snow falling Free State Sunday into Monday
- South Africa week two rain should be widespread enough to bolster planting moisture for summer crops
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