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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 08, 2023
Wednesday Nov 08, 2023
WORLD WEATHER HIGHLIGHTS FOR NOVEMBER 8, 2023
- Excessive heat occurred in northern Argentina Tuesday and it will shift into center west and center south Brazil late this week and into early next week
- Limited rainfall is expected in center west, center south and northeastern Brazil through the next ten days
- The combined impact of hot temperatures and dry biased conditions in northern and central Brazil crop areas will lead to rapid drying and a developing stressful environment for summer crops
- Argentina should see a good mix of weather during the next ten days supporting crops and fieldwork
- Europe and the western CIS will continue in a wetter biased weather mode for the next ten days
- Rain is still needed in eastern Spain, North Africa, the lower Danube River Basin and southern Ukraine
- China weather will remain favorable
- India’s southern rainfall pattern will end late this week with welcome drying to follow
- Australia’s showers will not be enough to change the moisture profile or very many crops
- U.S. hard red winter wheat areas, the central Midwest and west Texas will be mostly dry for the next ten days except for a few brief showers from West Texas to southeastern Oklahoma briefly late this week
- U.S. southeastern states will continue in drought status for a while longer with restricted rainfall, although showers Friday into Saturday will bring some moisture from central Alabama to southern North Carolina
- Rain in central and southern Texas will be ideal for raising soil moisture 2024 planting in March
- Eastern South Africa will get some beneficial planting moisture, although more rain will be needed
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