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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 04, 2023
Morning Market Weather Update for Friday, August 4, 2023
Friday Aug 04, 2023
Friday Aug 04, 2023
WORLD WEATHER HIGHLIGHTS FOR AUGUST 4, 2023
- GFS model suggests greater rainfall in Canada’s Prairies next week in the most recent two model runs, but World Weather, Inc. believes the predicted rainfall is overdone
- GFS model is wetter in the eastern Dakotas, Minnesota, Wisconsin and Iowa for next week and into the following weekend suggesting a better opportunity for soil moisture and crop improvements
- The European model continues wet biased in the same region as it has been during much of this week
- Rain Is still advertised for most U.S. crop areas during the next ten days supporting most late season crops favorably
- Texas rainfall continues restricted south of the Red River Valley through the next ten days
- Texas, Oklahoma and the lower U.S. Delta will be very warm to hot through the coming week and probably for ten days in Texas
- GFS model is still promoting a tropical cyclone into the Gulf of Mexico near mid-month with the 00z model run bringing the system into far western parts of the Florida Panhandle and southwestern Alabama Aug. 15 while the 06z model runs suggested the system would stay over open water as a very weak system with possible landfall in Texas Aug. 16 (confidence is still very low on this event)
- Europe will continue wet in the north and some central areas for a while longer, though the greatest rainfall is advertised a little less frequently today than Thursday
- France, the Iberian Peninsula and portions of southeastern Europe will be drier biased for the next ten days; including central and eastern Ukraine
- Russia’s Southern Region, northwestern Kazakhstan and the southern Ural Mountains region will be dry and warm for the next ten days
- China remains plenty wet over the next two weeks except central and western Inner Mongolia where a dry bias will prevail
- Typhoon Khanun will move through the Ryukyu Islands of Japan this weekend and then turn to the north passing through Shikoku and western Honshu next week possibly ending up in Heilongjiang, China late next week
- Thailand and Vietnam rainfall may be restricted for a while
- Improved rainfall is likely for Indonesia and Malaysia from Sumatra to Borneo and Sulawesi in the coming ten days
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