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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 15, 2023
Monday May 15, 2023
WORLD WEATHER HIGHLIGHTS FOR MAY 15, 2023
- Rain was removed for West Texas this week as the European model which was so insistent that rain was going to fall heavily in this coming week backed off the outlook during the weekend. The GFS model also backed out of some of its rain predicted
- Opportunities for rain will return to the southwestern Plains late this week and next week
- Weekend precipitation was heavy in southwestern Minnesota, northern Iowa, northern Nebraska, central Oklahoma and central and southern Texas; many areas that had been a little too dry got relief
- Kansas was left dry during the weekend, but should get rain this week – first in the east early this week and then in the west late this week and into the weekend
- Canada’s Prairies in western Saskatchewan and east-central Alberta will remain in a drought for the next ten days with little to no rain and warm temperatures prevailing
- Other areas in the Prairies will also dry down, but soil moisture is better in those areas
- There is potential for frost and a light freeze or two in the eastern Canada Prairies late this week and frost would be possible in a few counties in North Dakota and northern Minnesota, although the impact should be low in all areas
- All U.S. crop areas will get rain at one time or another in the next ten days supporting early season crop development and yet enough dry weather will support planting at times
- Argentina wheat areas will get rain periodically starting in the second half of this week and continuing through next week
- Brazil’s center west and center south crop areas will be dry biased for the next ten days which is normal for this time of year
- South-central Europe will continue to receive too much rain too often during the next week to ten days
- Australia wheat, barley and canola areas will be left drier than usual in the next ten days
- Tropical Cyclone Mocha moved into northwestern Myanmar Sunday morning producing 122 mph wind speeds, torrential rain and flooding
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