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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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Friday Aug 25, 2023
Morning Market Weather Update For Friday, August 25, 2023
Friday Aug 25, 2023
Friday Aug 25, 2023
WORLD WEATHER HIGHLIGHTS FOR AUGUST 25, 2023
- India’s forecast is trending drier with each new forecast model run; concern about poor rain will be rising and as the end of the monsoon season approaches for northwestern areas the concern will rise
- China will see some welcome drying in portions of the northeastern Provinces in this coming week, although Heilongjiang may still get enough rain to stay wet
- East-central China may get some heavy rain experience more flooding during the weekend; areas from Shaanxi and northeastern Sichuan to Jiangsu will be most at risk of excessive rainfall
- Typhoon Saola will be nearly stationary immediately east northeast of the Philippines through the weekend; however, the models differ greatly about where the system will go next week with some concern about Taiwan and southern China getting too much rain, strong wind and flooding
- Europe’s recent drier biased weather will be breaking down this weekend and a more active weather pattern is expected to evolve once again
- Interior western Russia, Southern Russia, eastern Ukraine and western Kazakhstan will receive little to no rain in the coming ten days resulting in a continued need for rain to support late season crops
- South Australia rainfall will be notably light and infrequent during the next ten days
- Queensland, northern New South Wales and northern Western Australia will not get any rain in the next ten days and temperatures will be warm enough to accelerate drying in unirrigated winter crop areas resulting in more plant stress
- Argentina’s western wheat areas will remain dry for ten days
- Brazil rainfall will be sufficient to improve first season corn planting and establishment conditions, although fieldwork may be delayed for a while
- U.S. Midwest weather will continue drier than usual through the next ten days, despite a bout of welcome cooling this weekend
- U.S. Midwest weather will trend a little warmer than usual again during the second week of the forecast
- A tropical disturbance in the Caribbean Sea may develop into a tropical cyclone this weekend before moving across northern Florida during mid-week next week
- Tropical Storm Franklin will become a hurricane this weekend and it could end up moving close enough to Newfoundland to causing some heavy rain and strong wind speeds
- West Texas and the Texas Blacklands along with South Texas may get some rain Sunday through Tuesday, although it will be light
- Canada’s Prairies will be drier biased through the weekend and into early next week; western Alberta and both far northeastern and northwestern Saskatchewan are a little wet
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