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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 25, 2023
Morning Market Weather for Wednesday, October 25, 2023
Wednesday Oct 25, 2023
Wednesday Oct 25, 2023
WORLD WEATHER HIGHLIGHTS FOR OCTOBER 25, 2023
- Hurricane Otis came inland near Acapulco, Mexico as a Category Five storm overnight producing peak wind speeds prior to landfall of 165 mph and confirmed speeds of 150 mph by the government of Mexico; widespread damage resulted
- Frost was noted this morning in Victoria, Australia this morning with very little permanent crop damage suspected. Freezes did occur in the higher elevated areas
- Victoria and southern New South Wales, Australia will be impacted by more widespread frost and a few light freezes Thursday morning that may negatively impact a few reproducing winter crops like wheat, barley and canola
- Rain fell significantly in central and west Texas cotton areas overnight where 1.00 to 3.53 inches of rain resulted in portions of the Rolling Plains and in a small part of the High and Low Plains; damage to the crop should not be very great, although fiber quality may have decreased
- ECMWF model reduced rain in center west Brazil for days 7-10 today relative to the past few days. That model has been too wet most of this week so far, but this change was a step in the right direction
- Second week rainfall increases are expected in center west Brazil, but it may take a while for a good distribution of “significant” rain to fall
- Hot temperatures and no rain again impacted center west Brazil Tuesday and that trend will prevail through the weekend and into next week, although a few showers will pop up periodically
- Not many other changes were noted in the world overnight
- Europe will remain wet except in the southeast where the lower Danube River Basin remains too dry
- Ukraine and Russia’s Southern Region will receive significant rain over the next week to ten days
- China and India weather looks quite favorable
- Southern Indonesia remains drier than usual, but a few more showers and thunderstorms are possible periodically
- Eastern South Africa will get some rain for summer crop planting late this weekend into next week
- Argentina will see some periodic showers that will help maintain status quo conditions after recent rain improved soil moisture
- Interior southern Brazil and southern Paraguay will become excessively wet this weekend into next week resulting in flooding
- Bitter cold will drop through western Canada to the U.S. Plains
- Freezes will reach West Texas cotton areas early next week to help defoliate crops
- Snow, cold rain and falling temperatures in the northern U.S. Plains will stress livestock and delay travel
- Western Australia will remain too dry for reproducing and filling crops
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