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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 Sep 01, 2023
Morning Market Weather Update For Friday, September 1, 2023
Friday Sep 01, 2023
Friday Sep 01, 2023
WORLD WEATHER HIGHLIGHTS FOR SEPTEMBER 1, 2023
- Argentina will receive some welcome rain from northern and east-central Cordoba into Entre Rios and northern Buenos Aires this weekend improving topsoil moisture for better wheat establishment
- Southwestern wheat areas of Argentina will not get much rain or much relief from dryness
- Follow up rain may occur in eastern crop areas later next week
- Tropical cyclones Franklin, Idalia, Jose and Gert in the Atlantic Ocean pose no threat to land except for Tropical Storm Idalia which may impact Bermuda this weekend
- A new tropical cyclone is expected in the central tropical Atlantic Ocean next week that will be closely monitored for possible impact on the Antilles
- Typhoon Saola will impact Guangdong and Guangxi, China with torrential rain this weekend
- The southern China ports of Guangdong and Hong Kong will likely be shut down by Typhoon Saola today and during the weekend due to high wind speeds, rough seas and torrential rainfall
- Typhoon Haikui could impact Taiwan and possibly southeastern China next week with some damaging wind, rain and flooding possible in Taiwan
- U.S. weather will trend wetter in the second week of the forecast in the Midwest and a part of the northern Plains
- North America temperatures will be quite warm into next week especially in Canada and the central United States
- Southwestern Europe will trend wetter in the next week to ten days
- Eastern Ukraine into western Kazakhstan will continue drier and warmer than usual through the next ten days
- China will dry down in the coming week outside of the southern coastal provinces where Typhoon Saola and Typhoon Haikui will impact
- Northwestern India is still unlikely to see significant rain over the next ten days
- Southern Australia rainfall will support winter crops while northern wheat and barley areas are dry or mostly dry for the next ten days
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