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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 29, 2023
Morning Market Weather Update for Tuesday, August 29, 2023
Tuesday Aug 29, 2023
Tuesday Aug 29, 2023
WORLD WEATHER HIGHLIGHTS FOR AUGUST 29, 2023
- Hurricane Idalia will impact northwestern portions of the Florida Peninsula, southeastern Georgia and coastal areas of the Carolinas Wednesday and Thursday with heavy rain, high wind speeds and an impressive coastal surge
- The storm will come inland with a storm surge of 8-12 feet above normal tides and rainfall of 4.00 to 10.00 inches and possibly more
- Wind speeds may be close 120mph near the coast at the storm’s center and will gust over 70mph at least 70-80 miles inland
- Hurricane Franklin is not expected to threaten Land through the weekend
- Dryness will continue in the U.S. Midwest, Great Plains and northern Delta for at least a week and probably ten days, although some rain may occur during mid- to late-week next week briefly
- Canada’s Prairies will experience a few showers, but no drought busting rain events for a while
- Texas cotton, corn and sorghum areas will continue too dry for at least another week to ten days. This includes West Texas as well as the Badlands, South Texas and the Texas Coastal Bend
- Western Argentina rainfall is still expected to be disappointing in the next ten days, but some showers and temporary relief is expected
- Southern Brazil will probably become a little too wet at times next week
- Today’s forecast is a little less wet in center west and center south Brazil, but still wet enough to slow late season Safrinha corn and cotton harvesting
- Coffee areas will see some additional flowering, but greater rain is needed in several areas to induce more generalized flowering
- Southern Australia rainfall is still not very impressive for the next week to ten days
- Drying in northern Australia winter crop areas will continue raising concern over reproduction that begins soon
- China weather should be less wet in the coming two weeks
- Northwestern India is still looking dry for the next two weeks; this includes southern and central Pakistan, Gujarat, Rajasthan, Punjab, Haryana, northwestern Madhya Pradesh and northern Maharashtra. Rain will fall in most other areas
- Eastern Ukraine to western Kazakhstan will be dry along with areas north into the Volga River Basin for the next ten days
- Typhoon Saola will move between Taiwan and Luzon Island, Philippines over the next two days before moving near and possibly into Guangdong, China not far from Hong Kong this weekend and early next week
- Europe will trend wetter from the Alps to Scandinavia and the Baltic States and rain will develop in Spain, Portugal and a part of France this weekend into next week
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