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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 Sep 07, 2023
Thursday Sep 07, 2023
WORLD WEATHER HIGHLIGHTS FOR SEPTEMBER 7, 2023
- Flooding rain in Greece has ended and the cleanup from this week’s horrific conditions is under way damage to some crops and property resulted and a full assessment will be made of the impact in the next couple of weeks
- Much of Europe was again Wednesday with temperatures very warm to hot in the west where highs in the 80s reached the U.K. for a second day in a row and readings in the lower and a few middle 90s occurred in France
- Dry and warm weather in Europe should break down next week with a few waves of rain expected near and beyond mid-month
- Southern Russia and parts of Ukraine wheat areas need rain and the region will be dry or mostly dry during much of the next ten days
- Central and eastern India will receive frequent rain keeping the ground abundantly wet
- Far northern and extreme southern India will remain drier than usual for the next couple of weeks
- East-central China weather will remain drier biased for the next ten days and then rain will resume
- Northeastern China will see a good mix of rain and sunshine over the next ten days
- Southern China will be wet over the next ten days
- Southern Australia will receive brief periods of rain in the next couple of weeks while northern winter crop areas are dry biased
- Argentina’s western wheat areas will remain drier than usual for the next couple of weeks
- Southern Brazil will remain excessively wet over the next week and then may dry down late next week through Sep. 22
- U.S. hard red winter wheat areas will get welcome and needed rain Saturday into Tuesday improving planting and emergence conditions
- Texas will get badly needed rain next week
- Canada’s Prairies will get limited rainfall and experience good harvest weather for the next week
- Central U.S. Midwest and Delta crop areas will be dry through the weekend
- Rain next week will be limited to a few areas and it will have a low impact on summer crops
- Hurricane Lee in the Atlantic Ocean will be closely monitored and will be a massive storm of great intensity, but it should weaken before impacting the upper U.S. east coast, Nova Scotia and Newfoundland Canada late next week and into the following weekend
- Tropical Storm Yun-Yeung will move across central Honshu Friday producing some heavy rainfall, but very little damage
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