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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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Wednesday Nov 01, 2023
Morning Market Weather For Wednesday, November 1, 2023
Wednesday Nov 01, 2023
Wednesday Nov 01, 2023
WORLD WEATHER HIGHLIGHTS FOR NOVEMBER 1, 2023
- An intense storm bearing down on the U.K. and northwestern France today will produce excessive wind that will knock out power, damage trees and induce some structural damage; heavy; heavy rain is also expected to accompany the storm
- A succession of storms coming into western Europe during the balance of this week will induce moderate to heavy rain in waves that will further saturate the soil and may eventually lead to some flooding in western France, the U.K., northwestern Spain, northern Portugal, Italy and the eastern Adriatic Sea nations
- Excessive rain and flooding may be coming to parts of Central America later this week and into the weekend as tropical disturbance enhances a wet biased pattern further
- Eastern Australia’s dryland sorghum and cotton areas will get some welcome rain in the next week to ten days to improve planting conditions, although western parts of the production region may not get much “significant” rain; eastern areas in southeastern Queensland and northeastern New South Wales will be wettest
- Western Australia dryness will prevail into mid-month
- Southwestern Mato Grosso and portions of Mato Grosso do Sul, Brazil will miss rainfall during the next ten days
- The remainder of Mato Grosso and areas east southeast through Tocantins and northern Goias to northern Minas Gerais, Bahia and southern Piaui will receive greater shower and thunderstorm activity Sunday through next week offering temporary improvements in soil moisture for planting and early season crop development in soybean, corn, rice and other crop areas
- Another wave of heavy rain is expected in interior southern Brazil and southern Paraguay Thursday into Saturday resulting in more flooding and possible crop damage
- Argentina rainfall today and Thursday will improve topsoil moisture once again in key summer grain and oilseed production areas for better planting and emergence conditions; some southern wheat areas will also benefit from the moisture
- Unusual warmth in eastern Europe and western parts of the CIS will help winter crops become better established after recent precipitation especially in parts of Ukraine and Russia’s Southern Region
- Cold in the U.S. will be abating in the second half of this week, but frost and freezes occurred southward into Texas, the northern Delta and Tennessee River Basin this morning
- U.S. hard red winter wheat areas will be dry over the next week to ten days as will west Texas cotton harvest areas
- U.S. southeastern states will continue drought stricken for the next ten days to two weeks with no relief likely
- Tropical Storm Pilar will begin moving away from Central America tonight and Thursday ending heavy rain in El Salvador, costal Honduras and a few areas in northwestern Nicaragua
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