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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 May 26, 2023
Friday May 26, 2023
WORLD WEATHER HIGHLIGHTS FOR MAY 26, 2023
- Not many changes overnight
- Alberta Canada’s drought region and western Saskatchewan may have an opportunity for rain during the last part of next week and into the following weekend
- U.S. Midwest will continue drier than usual over the next ten days with the heart of the Midwest possibly receiving minimal amounts of moisture for two full weeks
- Rain will continue to fall frequently in the U.S. west-central and southwestern Plains during the next ten days with some of that expected to expand northwest into Montana, Alberta and southwestern Saskatchewan in time
- Argentina soil moisture is more favorable for wheat planting and additional rain in the next two weeks will perpetuate the favorable environment except in the southwest where net drying is still possible
- Northern Europe will continue drier than usual for at least the next ten days, although temperatures will not be excessively warm
- Southern Europe will continue to receive frequent rain along with parts of North Africa
- Eastern Russia’s New Lands will be dry biased and warm for one more week and then some showers and a chance for rain will scatter across parts of the region in the second week of the outlook
- Western Ukraine, Poland, Belarus and the Baltic States will continue dry biased during the next ten days, although soil moisture is still sufficient to carry on normal crop development
- No big changes were noted for India, China or Australia
- Mainland areas of Southeast Asia will trend wetter
- Today’s forecast for Malaysia and Indonesia is a little wetter than that of earlier this week in the second week of the forecast
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