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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 Jul 18, 2023
Morning Market Weather Update For Tuesday, July 18, 2023
Tuesday Jul 18, 2023
Tuesday Jul 18, 2023
WORLD WEATHER HIGHLIGHTS FOR JULY 18, 2023
- U.S. rainfall has been further reduced in the region from Illinois through Iowa and southern Wisconsin to the Dakotas and parts of Minnesota
- Southern Canada’s Prairies (southern Alberta and southern Saskatchewan) will not receive enough rain to help crops through the next two weeks of dryness and the short term bouts of excessive heat
- A storm system moving through northern and eastern Canada’s Prairies today and Wednesday will generate rain in northeastern Alberta and northern and eastern Saskatchewan and parts of Manitoba
- relief from dryness will be welcome, but probably not enough for a serious change in crop conditions
- Texas crop areas are unlikely to get much rain over the next two weeks and temperatures will slowly cool from very warm to hot readings over the next few days to a more seasonable range during the weekend into next week
- Mexico drought will continue in the central and northeast part of the nation over the next two weeks
- France to Poland will go another week to ten days without much significant rain
- Far southern Europe will slowly cool down after recent heat and dryness, but the dry conditions will prevail
- Much of the CIS and China will experience a favorable distribution of rain during the next two weeks
- Xinjiang, China and central and western Inner Mongolia will continue dry and very warm to hot
- Southern Australia will continue to get some showers, but greater rain is needed in interior crop areas especially in Queensland, northern New South Wales and northern Western Australia
- India is still expecting excessive rain in central crop areas
- A new tropical cyclone will form east of the Philippines Thursday and may eventually threaten Taiwan or southeastern China next week
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