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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 24, 2023
Monday Jul 24, 2023
WORLD WEATHER HIGHLIGHTS FOR JULY 24, 2023
- Northwestern U.S. Corn and Soybean production areas will be dry biased this week, but will begin seeing some rain this weekend and next week; the hottest weather should abate as well after this workweek
- Central and southern parts of Canada’s Prairies will continue dry and very warm to hot for a while this week
- Some cooling is expected, but the drier than usual bias will prevail in Saskatchewan, eastern and southern Alberta and southwestern Manitoba into the weekend
- Some rain is possible in the driest areas next week
- Some cooling is expected, but the drier than usual bias will prevail in Saskatchewan, eastern and southern Alberta and southwestern Manitoba into the weekend
- Texas and southern Oklahoma will be dry and warm to hot for the next ten days
- A good mix of weather is likely in the U.S. southeastern states during the next ten days while the Delta dries out
- Hot and dry weather will continue in the far western U.S. for a while
- No change in drought conditions will occur in Argentina over the next ten days
- Good harvest conditions will continue in Brazil corn and cotton areas over the coming week to ten days
- Northern Europe will trend wetter over the next two weeks easing long term dryness in many areas
- Southern Europe dryness will continue near the Mediterranean Sea over the next two weeks while temperatures are seasonably warm
- CIS crop weather will be good for summer crops, but net drying is expected from Russia’s Southern Region into Kazakhstan
- China will see two typhoons impact the eastern part of the nation in the next two weeks which may leave central through northwestern crop areas a little too dry
- Typhoon Doksuri will reach Fujian Wednesday and move northward into Anhui and Jiangsu late this week
- A second storm will form near Guam this week and reach east-central China next week
- Heavy rain fell in northeastern China again during the weekend keeping the ground excessively wet in some areas
- India will stay plenty wet, if not too wet, over the next two weeks
- Australia winter crops near the southern coast will be in good shape for the next two weeks, but more rain is needed
- Super Typhoon Doksuri is expected to evolve today and Tuesday as it moves between Luzon Island, Philippines and Taiwan before moving into Fujian, China later this week
- There are no tropical cyclones other than Tropical Storm Don in the Atlantic Ocean Basin and Don will not impact land
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