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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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Monday Jul 10, 2023
Monday Jul 10, 2023
WORLD WEATHER HIGHLIGHTS FOR JULY 10, 2023
- No major changes occurred overnight, but there were differences since Friday
- Less rain is advertised for central parts of Canada’s Prairies
- Europe will be hotter in this coming week with excessive heat early this week and again during the coming weekend
- Kazakhstan and southeastern Russia’s New Lands will be dry and warm for a while this week and then trend cooler and wetter
- Persistent heat and dryness in the North China Plain is expected to abate after some very hot weekend weather
- Less rain is expected in center south Brazil’s Safrinha corn production areas
- U.S. weather will be favorably mixed in this next two weeks supporting crop development, although some parts of the upper Midwest will receive less than usual rain
- U.S. hard red winter wheat areas will continue to receive a little too much rain too often
- Texas rainfall will continue restricted while temperatures are warmer than usual stressing many crops south of the Red River
- U.S. Pacific Northwest and California will be very warm to hot for a while
- Europe rainfall will be restricted at times and with excessive heat occurring early this week and again this weekend some areas will become too dry
- CIS weather should be mostly favorable, though crop moisture stress may continue in parts of northern Kazakhstan and southeastern Russia’s New Lands for a while this week before rain begins this weekend and next week
- China will trend plenty wet in the coming ten days to two weeks, but hot and dry weather occurred in the Yellow River Basin and central and western parts of Inner Mongolia during the weekend
- Australia rain will stay concentrated near the southern coast
- India will be plenty wet this week, although areas from southern Maharashtra into Tamil Nadu and Andhra Pradesh will receive restricted rain
- Heavy rain fell from Haryana to Uttarakhand during the weekend with some flooding suspected
- Southeast Asia will be plenty wet over the next ten days except western Thailand
- Tropical activity is expected to increase from the Bay of Bengal to the South China Sea and Philippines Sea during the weekend and next week
- Argentina rain will bring some temporary relief to dry western wheat areas
- Rio Grande do Sul, Brazil will receive too much rain over the next few days resulting in some flood conditions and a threat to wheat
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