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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 05, 2023
Morning Market Weather Update For Friday, May 5, 2023
Friday May 05, 2023
Friday May 05, 2023
WORLD WEATHER HIGHLIGHTS FOR MAY 5, 2023
- Upper U.S. Midwest and northeastern Plains weather this weekend will include scattered showers that will interfere with the region’s recent drying trend and will limit fieldwork for some areas
- Another storm will follow during mid-week next week adding more moisture to the region and perpetuating some field working delay
- All U.S. Midwest and Great Plains crop areas will get moisture at one time or another during the next two weeks and the overall environment will be good for future spring and summer crop planting and development
- Some of the rain is overdone with the lower eastern Midwest expecting the best conditions
- Warm temperatures in the southern half of the Plains and from the Ohio River Valley to the Gulf of Mexico Coast will keep evaporation rates high enough between rain events to minimize disruptions to farming activity
- U.S. West-central and southwestern Plains will see the lightest precipitation in the Plains for a while
- The best chance for rain in the west-central and southwestern Plains should be in the middle to latter part of next week
- West Texas rain potentials will begin to improve again during mid-week next week and the risk of showers and thunderstorms may be highest in the second half of next week and into the following weekend
- Cordoba through Entre Rios, Argentina to Uruguay will be wettest today and Saturday with some moderate to heavy rain possible
- Other areas in Argentina are unlikely to get much significant rain over the next ten days
- Center south and center west Brazil will experience seasonal drying through the next two weeks
- Rio Grande do Sul into southern Paraguay will be wet through Monday with frequent waves of rain saturating the soil
- Spain, Portugal and North Africa will continue dry biased through the coming week, although there is still some potential for rain in northeastern Algeria and northern Tunisia late next week and into the following weekend
- Some relief from recent drying is expected next week in northern Kazakhstan and neighboring areas of Russia’s southeastern New Lands; A new ridge of high pressure is likely after that
- India’s weather will be more normal over the next ten days
- Australia’s rainfall over the next ten days will be greatest in coastal areas
- South Africa will be trending wetter in the east
- Indonesia and Malaysia will remain sufficiently wet biased
- Tropical cyclone will form in eastern Bay of Bengal next week and move toward rice and sugarcane areas of Myanmar
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