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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 Jul 14, 2023
Morning Market Weather Update For Friday, July 14, 2023
Friday Jul 14, 2023
Friday Jul 14, 2023
WORLD WEATHER HIGHLIGHTS FOR JULY 14, 2023
- Western and northern Alberta and northern and eastern Saskatchewan into a part of Manitoba will get some needed rain next week, but it will be followed by drier and warmer weather that may lead to additional crop stress and production cuts
- A part of the southern Prairies will miss the needed rain
- U.S. northern Plains and upper Midwest will also experience drier than usual weather during the next ten days and possibly for nearly two weeks and that will raise crop moisture stress eventually for wheat, barley, canola, sunseed, sugarbeets, corn and soybeans
- Lower U.S. Midwest weather is expected to be favorable for crop development in the coming ten days, although warmer temperatures in the second week of the outlook will raise evaporation rates and the need for greater rain a little more often
- Texas weather will continue very warm to hot without significant rain south of the Red River Valley over the next ten days
- Argentina will be dry over the next ten days favoring late season planting and emergence after this week’s rain, but more rain will soon be needed
- Rio Grande do Sul, Brazil will benefit from some drier weather in the coming week after recent moderate to heavy rain saturated the soil
- Good harvest weather is expected in Safrinha crop areas in Brazil over the next ten days
- Europe rainfall will remain a little sporadic and light in this first week of the outlook with a very warm weekend in store
- Cooling and “some” rain will evolve in the following week to ten days
- Rain and cooling is also expected in northern Kazakhstan and Russia’s New Lands where improved late season crop development is expected after stressful weather earlier this week
- Hot and dry weather is expected in Xinjiang, China and areas east into Inner Mongolia, China for the next ten days and some drying will also occur north of the Yellow River
- India will be quite wet from the upper east coast into the heart of the nation for the next ten days
- Increased tropical cyclone activity is likely in the South China Sea and Philippines Sea over the next couple of weeks with a first storm expected in the South China Sea this weekend
- Greater rain is still desired in the mainland areas of Southeast Asia
- Southern Australia and southern South Africa will get a few showers in the coming week to ten days maintaining status quo for the winter crops
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