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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 May 01, 2023
Monday May 01, 2023
WORLD WEATHER HIGHLIGHTS FOR MAY 1, 2023
- Unusually great amounts of rain fell in India during the weekend stalling fieldwork and raising concern for unharvested winter crops
- Unsettled weather will continue through Wednesday causing more delay and more concern over crop conditions
- Portions of China’s eastern North China Plain and the northeastern provinces received rain during the weekend improving spring planting moisture and improving a few winter crops in Hebei; Shandong missed the rain once again and is too dry in some areas
- A few more showers and thunderstorms are expected in West Texas during the next ten days, although big soakings of rain may elude the region for a while longer
- S. Midwest will experience a good mix of rain and sunshine, although there will be some disruption to farming activity
- S. Plains weather will be favorably mixed for spring planting and emergence and some winter crops will benefit from the moisture as well
- S. Midwest weather will be cool, showery and blustery today and for a little while Tuesday resulting in poor field working conditions, but mid- to late-week weather will improve before rain resumes late this week and into the weekend
- Canada’s Prairies will be unusually warm and drier than usual this workweek allowing spring fieldwork to advance in many areas; some rain will impact southeastern Manitoba during the weekend and Alberta could be impacted with some rain by early next week
- Brazil’s key Safrinha corn and cotton producing areas will experience limited rainfall for the next ten days and seasonable temperatures
- Eastern Argentina will trend wetter later this week and the moisture will spread to the south this weekend and early next week
- Heavy rain is possible in northeastern Argentina, Paraguay and Rio Grande de Sul Friday into Monday of next week
- Frost and freezes occurred late last week in northeastern Europe causing damage to various fruit bearing bushes and trees, but not to wheat or rapeseed; additional cold weather is expected over coming week to ten days with some of that getting into northwestern Russia as well
- Spain, Portugal and North Africa will continue warm and mostly dry for another ten days
- Dry and warm weather will continue this week in Kazakhstan and southern parts of Russia’s eastern New Lands; dryness continues into next week with more seasonable temperatures likely
- Southeast Asia will continue receive periodic rain supporting most crops and fieldwork
- Australia rainfall will be confined to the far south this week; Western Australia may get some needed rain next week
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