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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 25, 2023
Morning Market Weather Update For Tuesday, July 25, 2023
Tuesday Jul 25, 2023
Tuesday Jul 25, 2023
WORLD WEATHER HIGHLIGHTS FOR JULY 25, 2023
- Super Typhoon Doksuri was less than 50 miles from the northeast coast of Luzon Island, Philippines this morning producing 150 mph wind speeds out about 70 miles from the storm center
- The strongest wind and most adverse conditions should stay out over the ocean between Luzon Island and Taiwan, but many of the smaller islands in the storm’s path will be severely damaged as might some of the coastal areas of northeastern Luzon
- Doksuri is expected to pass to the south of Taiwan, although heavy rain will impact that island as well as northern Luzon
- Doksuri will eventually reach Fujian, China where torrential rain, flooding and 90 mph wind speeds are likely. The storm’s damage may be lighter than feared, but still likely
- A new tropical cyclone will form southwest of Guam later this week and it promises to be another large and powerful storm with possible impact on east-central China; including the Shanghai port region during mid-week next week
- Other tropical cyclones may form in the western Pacific Ocean next week as well
- Not many other changes were noted overnight around the world
- India will continue very wet from central through northern parts of the nation during the next two weeks
- Russia’s western and northern crop areas will be plenty wet along with Ukraine and portions of Belarus possibly threatening winter crop harvesting
- Europe will trend wetter during the next ten days raising some concern over winter crop harvest delays and grain quality
- Net drying is expected from Russia’s Southern Region into northwestern Kazakhstan and the southern Ural Mountain region
- Australia winter crops are semi-dormant and mostly in good shape, but rain is needed in most of the east and in parts of both South Australia and northern Western Australia
- Argentina’s drought will get no relief over the next ten days
- Brazil Safrinha harvest weather will remain good
- Wheat in southern Brazil will remain favorably moist
- Canada’s central and southwestern Prairies will stay too dry for another ten days
- Texas and southern Oklahoma will be hot and dry for the next 8-10 days
- U.S. western Corn and Soybean areas will get little rainfall and experience very warm to hot temperatures over the coming week stressing some crops in the driest areas
- U.S. Delta will dry out over the next full week to nearly ten days
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