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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 08, 2023
Morning Market Weather Update For Monday, May 8, 2023
Monday May 08, 2023
Monday May 08, 2023
WORLD WEATHER HIGHLIGHTS FOR MAY 8, 2023
- Excessive heat and dryness stressed coffee, sugarcane, corn and other crops in mainland areas of Southeast Asia during the weekend
- The heat will be reduced as showers and thunderstorms increase this week
- China experienced flooding rain in southern rapeseed and rice production areas causing some damage to crops in northwestern Fujian and Jiangxi where more than 28 inches of rain fell since Friday
- Yunnan, China’s drought may be eased late this week and into the weekend as needed rain falls
- Xinjiang China’s cotton and corn areas were unseasonably cold during the weekend and some warming is expected this week
- Rain is advertised in northeastern Algeria and northern Tunisia this week
- Moderate to heavy rain will occur from Italy and the western Balkan Countries to France and the U.K. in the next week to ten days
- Spain will remain drier biased except for showers along the central east coast
- A part of northern Kazakhstan and neighboring areas of Russia will get rain this week easing some recent dryness, although more will be needed in parts of the region
- Most U.S. crop areas will get rain at one time or another during the coming week; this includes West Texas, many hard red winter wheat areas (although light in the west-central high Plains), the northern Plains and southeastern Canada Prairies
- Argentina’s rainfall in the central and northeast during the weekend was welcome and drying will now return
- Brazil’s Safrinha corn areas continue to dry down
- Australia’s rainfall will be greatest near the coasts this week as they were during the weekend
- U.S. southern Plains will remain warm this week until rain begins
- Warm weather will overspread the Midwest later this week as well
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