Morning Market Weather Update For Tuesday, August 1, 2023

WORLD WEATHER HIGHLIGHTS FOR AUGUST 1, 2023

• Tropical cyclone 04B has moved into Bangladesh today and will contribute to heavy rain in the Ganges River Basin during the coming week
• The northeast half of India will be excessively wet in the coming week
• Western India rainfall will be limited for a while benefitting crops in north while keeping those in Tamil Nadu and Andhra Pradesh too dry
• Additional heavy rain left over from the remnants of Typhoon Doksuri fell in northern Hebei and Beijing, China Monday with another 5-6 inches resulting the impact of flooding rain in the heart of Hebei, western Shandong and northeastern Henan is still being assessed, though some crop damage should have resulted from rainfall varying from 19.00 to 22.00 inches during the weekend
• Typhoon Khanun is expected to produce copious rain, severe flooding and damaging wind in the Ryukyu Islands of Japan this week due to its slow movement.
  • The storm will eventually threaten Japan’s main islands and possibly southeastern South Korea, but not until next week.
• U.S. crop weather will be wettest across the central Plains and the southwest half of the Midwest into the Delta and southeastern states during the next ten days
• Texas crop areas south of the Red River Valley will be dry for another week
• Rain in the northern Plains and upper Midwest this weekend into next week will be good for summer crops, but will come too late for spring cereals and canola
• Canada’s Prairies will be dry for at least another week; crop damage cannot be reversed by any rain that falls in the next few weeks, although rain could still improve a few late season canola crops in the east as well as some corn, soybean and flax crops
• Argentina continues to be advertised to get minimal rainfall into next week
• Brazil’s Safrinha harvest will continue to advance without much weather related delay
• Wheat in southern Brazil and eastern Argentina remains favorably rated as it is in southern Australia and South Africa
• Northern Europe’s wet weather continues a threat to unharvested winter crop quality
• Net drying from Russia’s Southern Region to northwestern Kazakhstan and the southern Ural Mountains region remains a concern for late season crops
• Western parts of China’s North China Plain will continue to recover from copious weekend rainfall this week. Damage did occur to some crops in the region
• Western and southern India will continue to dry out, although only the south is considered to be too dry
• Slowly improving rainfall is expected in Indonesia and Malaysia in this coming week after a bout of significant drying occurred in this past week