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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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Thursday Jul 13, 2023
Morning Market Weather Update For Thursday, July 13, 2023
Thursday Jul 13, 2023
Thursday Jul 13, 2023
WORLD WEATHER HIGHLIGHTS FOR JULY 13, 2023
- Canada’s Prairies are looking more likely to miss important rain and return to warmer weather in the second half of this month raising the potential for further losses in wheat, barley, canola, corn, soybeans and other crops
- Saskatchewan has the most to lose from the pattern
- Dryness from the Prairies may also bleed over the border into parts of northern Montana and northwestern and central North Dakota
- Texas crop areas south of the Red River will continue to experience very warm to hot temperatures and very little rain of significance for the next ten days further stressing crops; including corn, soybeans, cotton, sorghum sugarcane and citrus
- U.S. lower Midwest, Delta and southeastern states will experience timely rainfall and seasonable temperatures over the next two weeks to support most crop needs
- Rain Wednesday into today from South Dakota and Nebraska into Michigan was welcome with some areas getting enough rain to improve topsoil moisture and stimulate better crop conditions
- Europe weather will continue to include an erratic distribution of rain with one more round of hot weather expected this weekend then some cooling will occur
- Russia’s southeastern New Lands and northern Kazakhstan will experience cooling temperatures and some welcome rain in the coming ten days to improve sunseed and wheat
- Crops in Ukraine, western Russia, Belarus and Baltic States are rated favorably, despite a few pockets of dryness
- India rainfall will continue routinely and sometimes heavily through the next two weeks except in the south
- Pakistan rainfall will be light and erratic over the next couple of weeks
- Xinjiang, China and central and western parts of Inner Mongolia will experience dry and warm to hot weather during the next ten days stressing some crops, especially in Inner Mongolia
- Some drying has dropped into Shaanxi, Shanxi and northern Henan and rainfall in those areas will continue lacking for the next ten days
- Australia weather has not changed much with a few showers occurring periodically in the south while interior northern crop areas experience net drying
- Argentina weather is turning dry again and will remain that way for the next ten days, although recent rain has improved wheat planting and establishment conditions
- No changes were noted in Brazil or Southeast Asia overnight
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