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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 31, 2023
Morning Market Weather Update For Monday, July 31, 2023
Monday Jul 31, 2023
Monday Jul 31, 2023
WORLD WEATHER HIGHLIGHTS FOR JULY 31, 2023
- Excessive rain fell during the weekend in western parts of the North China Plain, southeastern Fujian and in a few areas northward from there into Anhui and Jiangsu from the remnants of Typhoon Doksuri
- Rain totals reached over 28.00 inches in southeastern Fujian and ranged from 6.00 to 22.46 inches in the western North China Plain
- Heavy rain also fell in southwestern Luzon Island Philippines where up to 19.00 inches was noted since Friday morning and that followed 10-25 inches of rain in west-central and northwestern Luzon earlier last week
- Western India will trend drier this week and that may prove beneficial to summer crops in the region
- Europe will be wetter than usual this week in the north-central and northeast cutting into some late season winter crop harvest progress and raising some concern over crop quality
- Australia’s southern crops remain favorably rated with timely rainfall supporting winter crop conditions, but more rain is needed in the north
- Argentina will remain drier than usual for another ten days keeping wheat poorly established in the west; there is some potential for a few showers in about a week
- Brazil’s Safrinha harvest weather is expected to remain very good over the next ten days due to limited rain
- Canada’s Prairies and the northern U.S. Plains and upper Midwest will continue struggling for greater precipitation to support the best late season crop development, but the odds are good that starting late this week in the northern Plains and in Canada’s Prairies next week there will be some improved rainfall
- The precipitation may come too late for many crops
- Texas and southern Oklahoma as well as most of the far western U.S. will be drier biased for at least another week with the potential for rain improving after early next week
- U.S. Delta was dry and warm to hot during the weekend will stay that way for a while this week and then some timely rain should resume later in the week through next week
- Lower U.S. Midwest and southeastern states should experience well timed rainfall and seasonable temperatures for summer crops
- Indonesia and Malaysia rainfall will remain limited over the next few days and then expand from northern Sumatra and parts of northern Borneo southward into Sulawesi, southern Sumatra and western Java
- Western Thailand and Myanmar still need greater rainfall to ease long term dryness
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