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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 22, 2023
Monday May 22, 2023
WORLD WEATHER HIGHLIGHTS FOR MAY 22, 2023
- U.S. Midwest will experience net drying over the coming week to ten days
- Rain is expected in the southern U.S. Plains this week benefiting summer crop planting, emergence and establishment
- The moisture comes a little too late to benefit wheat yields
- Western Alberta, Canada will receive heavy rain early this week
- Mid- to late-week rain is expected in eastern Canada Prairies this week
- Drought will continue in the southwestern Canada Prairies
- Good planting weather will occur this week in the northern U.S. Plains, although some rain is expected
- Brazil’s Safrinha corn areas will get some timely rain late in this coming weekend and early next week ensuring good crop development in the late planted areas of Parana, Mato Grosso do Sul and Sao Paulo
- Some of Brazil’s rain will briefly reach sugarcane, citrus and coffee areas in Minas Gerais and Sao Paulo slowing crop maturation and harvesting
- Argentina’s wheat areas received rain and will get more, though the west needs greater amounts
- Eastern Russia’s New Lands will dry down over the next week to ten days and temperatures will become very warm
- China weather will be favorably mixed
- Northern India will become wetter than usual later this week and next week
- Australia will continue to get periodic rain near the southern coast while interior Western and South Australia are dry biased along with Queensland and northern New South Wales
- Tropical Cyclone Mawar will damage Guam and the southern Mariana Islands Tuesday into Wednesday with sustained wind speeds to 127 mph and stronger gusts possibly approaching 150 mph
- Northern Europe will be drying down as will western Ukraine, Belarus and the Baltic States
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