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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 Sep 05, 2023
Tuesday Sep 05, 2023
WORLD WEATHER HIGHLIGHTS FOR SEPTEMBER 5, 2023
- Flooding rain occurred in Rio Grande do Sul, Brazil Friday through Monday and more is expected which may lead to wheat damage, although there will be some timely breaks in the precipitation so that runoff can occur
- Argentina received some badly needed rain during the weekend from eastern Cordoba through southern Santa Fe to northern Buenos Aires immediate neighboring areas where rainfall varied from 1.00 to 2.75 inches
- Southern Argentina; including southern Buenos Aires, La Pampa and southern Cordoba failed to get much rain and remained very dry
- Flooding rain from typhoons Saola and Haikui impacted far southern China and Taiwan respectively
- India’s northern crop areas were dry during the weekend and they should remain that way this week. Rain is expected in the central and eastern parts of the nation and that should prove to be beneficial for crops in those areas
- Far southern India still needs greater rain, although there has been some timely rain recently
- Southern Australia will get timely rainfall during the next two weeks, but northern wheat and barley areas will not
- Central U.S. Midwest crop areas will be dry over the coming week while light rain occurs in the Ohio River Basin and from the northern Plains into Minnesota and Wisconsin
- Rain fell heavily in eastern Mississippi, western Alabama and parts of Florida during the weekend
- U.S. hard red winter wheat production areas are unlikely to get much rain through the weekend, but rain is expected to fall early next week
- Canada’s Prairies weather will be favorable for early season crop maturation and harvest progress
- Europe received rain in the southwest during the weekend delaying farming activity, but bringing some relief to dryness in Spain, Portugal and southern France.
- Greece is expecting some flooding rain this week
- A new tropical cyclone will form in the central tropical Atlantic in the next day or two with a second system expected off the Africa west coast later this week
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