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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 Oct 16, 2023
Monday Oct 16, 2023
WORLD WEATHER HIGHLIGHTS FOR OCTOBER 16, 2023
- Western Australia will be dry for one more week; there is some potential for rain in the October 24-30 period
- Queensland and northern New South Wales as well as South Australia will be dry for ten days
- Northern India and parts of Pakistan rainfall early this week will be ideal for autumn planting and emergence, although some unharvested cotton may experience a little fiber discoloring because of the rain
- Andhra Pradesh, India will continue too dry while other areas in southern India get some rain this week
- Western Europe will turn notably wetter beginning Thursday of this week and continuing through all of next week
- Europe’s middle and lower Danube River Basin will receive limited rainfall over the next ten days keeping some winter crop areas dry while supporting aggressive fieldwork; including the harvest of summer crops and the planting of winter grain
- Portions of Russia’s Southern Region and Ukraine will trend wetter over the next ten days improving winter crop establishment as long as soil temperatures remain warm; some cooling is expected over the coming week to ten days
- China weather will remain favorably mixed for summer crop harvesting and winter crop planting
- Excessive rain and serious flooding occurred in central Vietnam during the weekend with Dan Nang reporting over 33.00 inches of rain since Friday and Hue reported nearly 20.00 inches
- Additional heavy rain is expected in central Vietnam this week causing more flooding or at least prolonging those conditions
- Brazil’s center west crop areas will continue to receive below normal rainfall and an erratic distribution of rain for at least another ten days
- Southern Brazil and southern Paraguay as well as a part of northeastern Argentina will get too much rain in the next ten days resulting in some flooding
- Central Argentina may receive some needed rain late this weekend into next week
- Southern Argentina could receive some needed rain next week as well
- U.S. weather will be mixed over the next ten days possibly slowing some summer crop harvest progress
- Rain is needed in the U.S. Pacific Northwest and hard red winter wheat production areas
- Canada’s Prairies will be trending cooler and wetter next week, but this week will be warm
- Ontario and Quebec summer harvest progress will remain slow due to waves of precipitation
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