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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 28, 2023
Friday Jul 28, 2023
WORLD WEATHER HIGHLIGHTS FOR JULY 28, 2023
- Not many changes occurred overnight
- India’s abundant to excessive rainfall of late is expected to take a break lasting a couple of weeks
- The drier bias will develop in this coming week and last through mid-August
- The situation will be closely monitored because it will be imperative that monsoonal rain increases again in late August and/or early September before the season draws to a close
- The break from persistent rain will be welcome for a while
- Indonesia and Malaysia continue to dry out and will need significant rain soon to prevent drying from leading to crop stress
- Rainfall will be erratic for a while and areas of drying are expected to continue
- Flooding in Luzon Island, Philippines continued Thursday, but the heavy rain has begun to abate after 15-25 inches fell in three days
- Western Thailand soil moisture continues well below normal raising concern over rice, sugarcane and corn development
- Northern and east-central Europe will remain wet through the coming week to ten days delaying some small grain harvest and raising a little worry over crop quality
- Western CIS rainfall will also be varied enough that a few areas may be a little too wet at times, especially in interior western Russia
- Net drying is expected from parts of Russia’s Southern Region into western and northern Kazakhstan and neighboring areas of southeastern Russia’s New Lands; temperatures will be trending warmer than usual in this region as well
- No changes in South America weather was advertised today
- Argentina remains too dry in the west
- Brazil Safrinha harvesting is advancing well
- Brazil and eastern Argentina wheat is also rated favorably
- U.S. northwestern Corn and Soybean Belt will remain drier biased during the coming ten days while timely rain occurs in other Midwest locations
- Drying is expected in the U.S. Delta for the coming week to ten days and temperatures will be very warm to hot
- Texas and southern Oklahoma will continue dry and very warm for another ten days
- No changes in Canada’s struggle with dryness; some showers are likely, but no big reversal in dryness or low production potentials is expected
- Tropical Storm Khanun has formed west northwest of Guam and will move toward Shanghai, China this weekend and early next week
- Landfall is possible around Wednesday and the system will become a typhoon this weekend
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