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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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Wednesday Aug 16, 2023
Morning Market Weather Update For Wednesday, August 16, 2023
Wednesday Aug 16, 2023
Wednesday Aug 16, 2023
WORLD WEATHER HIGHLIGHTS FOR AUGUST 16, 2023
- Hot weather occurred again Tuesday in California, the U.S. Pacific Northwest, the northwestern U.S. Plains, southwestern Canada’s Prairies, southern Texas, the southeastern states, northeastern Mexico and portions of Europe
- The North American heatwave will shift to the U.S. Great Plains this weekend and next week with some of the western Corn Belt getting involved as well
- Extreme highs of 100 to 110 Fahrenheit are expected in the Plains and 95 to 105 in the western Corn Belt
- Europe will also be very warm to hot over the coming week along with western Russia, Ukraine and neighboring areas
- Rain will be restricted in the central United States; including the Plains and Midwest over the next ten days and possibly longer resulting in quick drying and eventual crop stress
- Crop stress will continue high in southeastern Europe where soil moisture is most limited
- Russia’s Southern Region and Kazakhstan as well as immediate neighboring areas will also experience depleting soil moisture and rising crop stress for late season crops
- China will remain abundantly wet through the next two weeks
- India’s northwestern crop areas will be dry for the balance of this month and the same is expected in Pakistan which may threaten some of the summer crops in these areas
- Rain will increase in central and eastern India during the next ten days
- Southeast Asia rainfall will continue erratic and mostly lighter than usual for the next ten days
- Southern Australia will continue to get periodic rain while Queensland and northern New South Wales and northern Western Australia dry out ahead of more aggressive spring crop development
- Western Argentina will get some needed rain today into Thursday, but it will prove to be too light for a lasting change
- A tropical cyclone developing off the southwest Mexico coast may become a hurricane and its movement will be toward Baja California and the U.S. west coast where heavy rain and strong wind “may” occur early next week – the storm will need to be closely monitored. Strong storms are rare in southern California especially in mid-August and an excessive rain event with strong wind could cause some significant damage. The storm should weaken before arriving, though
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