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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 Oct 18, 2023
Morning Market Weather for Wednesday October 18, 2023
Wednesday Oct 18, 2023
Wednesday Oct 18, 2023
WORLD WEATHER HIGHLIGHTS FOR OCTOBER 18, 2023
- Hot and dry weather will impact center west Brazil for the next seven days resulting in accelerated moisture losses, rising plant stress and a rising potential for crop failures in areas that were planted earlier on light moisture
- Argentina’s rain potentials are still good for western, central and northern areas periodically over the next ten days; Buenos Aires may be driest for a while
- Southern Brazil’s wet bias will remain in place for the next couple of weeks, although excessive rainfall should be absent for a while
- Much of Australia will be dry or mostly dry during the next ten days; including the very driest areas of Western Australia where the need for moisture is high for reproducing winter crops
- Recent rain in northern India was good for winter crop planting, although more would be welcome
- Andhra Pradesh and immediate neighboring areas in southern India are still too dry with little change likely
- China weather is expected to be well mixed in most grain and oilseed production areas; wheat planting will advance well
- Southern China will experience above normal rainfall from Tropical Storm Sanba as it meanders around in the Gulf of Tonkin later this week
- Central Vietnam received another 4.00 inches of rain Tuesday making 5-day rain totals in Da Nang of more than 45 inches more than 22 inches at Hue
- Heat and dryness continue a serious threat to agriculture in southern Indonesia with extreme high temperatures Tuesday of 100 to 102 Fahrenheit in western Java and southern Sumatra
- Western Europe is still expected to become quite wet in the next ten days; flooding may eventually develop in parts of France, northwestern Spain, northern Italy and northern Portugal
- Middle and lower parts of the Danube River Basin will be dry for another week with some relief possible in middle parts of the basin in the Oct. 26-Nov. 1 period
- Southeastern Ukraine and southern portions of Russia’s Southern Region will continue drier than usual while waves of rain impact areas to the north and west including most other areas in Ukraine northern parts of Russia’s Southern Region
- Tropical Storm Norma will reach the southern tip of Baja California and northern Sinaloa this weekend
- Moisture from Tropical Storm Norma will reach interior northern Mexico, parts of Texas and the southeastern corner of hard red winter wheat areas in the U.S. next week to bring some needed relief to dryness
- Cold surge coming to North America next week may induce a snow storm in the upper U.S. Midwest, northeastern Plains and/or southeastern Canada’s Prairies
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