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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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Tuesday Aug 22, 2023
Tuesday Aug 22, 2023
WORLD WEATHER HIGHLIGHTS FOR AUGUST 22, 2023
- Tropical Storm Harold was spreading rain into southern Texas early today and the storm will race through the region later today and tonight
- Not much damage potential exists, although some heavy rain and flash flooding will be possible in South Texas and far northern Mexico
- Remnants of Tropical Storm Hilary reached across the central Canada Prairies Monday providing some beneficial soil moisture to some very dry areas, although there was some disruption to harvesting
- Tropical Storm Franklin will over run Hispaniola tonight and Wednesday producing some damaging wind and flooding across Dominican Republic
- S. Midwest crop areas will continue dry in the west for at least another week
- S. heatwave in the central states will last through Thursday and then be followed by some cooling during the weekend and early next week
- Brazil’s forecast is a little wetter today for center west and northern parts of center south during the coming week causing some disruption to Safrinha corn and cotton harvesting
- Argentina’s western wheat areas will see no relief to drought anytime soon
- Queensland and northern New South Wales have an opportunity to get some needed rain late this weekend into early next week; confidence is low
- Europe will be trending wetter again after recent beneficial drying for harvest progress
- Europe temperatures will be cooling in this coming week reducing crop stress in some summer crop areas, although rain is needed before much relief can occur
- Western CIS will see an active weather pattern during the next ten days with alternating periods of rain and sunshine likely
- Western and southern India will continue dry through the next ten days while the lower Ganges River Basin is frequently wet
- China’s weather will continue mixed with plenty of soil moisture around for ongoing crop development
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