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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 08, 2023
Morning Market Weather Update For Friday, September 8, 2023
Friday Sep 08, 2023
Friday Sep 08, 2023
WORLD WEATHER HIGHLIGHTS FOR SEPTEMBER 8, 2023
- Not much change occurred overnight
- Some concern remains over dryness in Russia’s southern Region and neighboring areas of Ukraine for wheat planting
- Europe continues dry and warm, although the pattern will break next week leading to waves of light rainfall that may slow summer crop maturation and harvest progress at times
- India will continue to get rain in the central and eastern parts of the nation maintaining a good outlook for many crops
- Northwestern and far southern India will continue to dry out
- China weather should be mostly well mixed, although too much rain will continue in a part of the far south (Guangdong and southern Fujian in particular)
- Australia will continue receiving periodic rain in the far south supporting wheat, barley and canola while northern winter crop areas remain dry and very warm at times
- Western wheat and canola areas of South Africa are getting timely rain
- Argentina’s western wheat areas will receive a minimal amount of rain for an extended period of time
- Rio Grande do Sul, Uruguay, southern Paraguay, Santa Catarina and southern Parana, Brazil will receive rain frequently for another week resulting in ongoing concern about too much moisture
- Safrinha corn and cotton harvesting will continue to slowly wind down in Brazil with mostly good weather prevailing
- Rain will be needed in coffee areas of Brazil again later this month to induce more flowering and support pollination
- U.S. western and some central corn and soybean areas will be dry over the next week to ten days
- U.S. hard red winter wheat areas will get welcome rain late this weekend through early next week that will support better planting, emergence and establishment conditions
- Canada and the far northern U.S. Plains will receive a limited amount of rain favoring crop maturation and harvest progress
- Hurricane Lee will pack wind speeds between 165 and 180 mph today. The storm is still far from land, but may become a threat to the upper east coast of North America a week from now
- Tropical Storm Margot in the Atlantic Ocean will become a hurricane late this weekend or early next week, but it will move to the central Atlantic Ocean and pose no threat to land
- Southeast Asia will receive periodic rain, although southern Indonesia will be dry biased
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