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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 02, 2023
Morning Market Weather Update For Wednesday, August 2, 2023
Wednesday Aug 02, 2023
Wednesday Aug 02, 2023
WORLD WEATHER HIGHLIGHTS FOR AUGUST 2, 2023
- Not many changes occurred overnight
- Northern Europe’s wet weather continues a threat to unharvested winter crop quality
- Net drying from Russia’s Southern Region to northwestern Kazakhstan and the southern Ural Mountains region remains a concern for late season crops
- The northeast half of India will be excessively wet in the coming week
- Western and southern India rainfall will be limited for a while benefitting crops in north while keeping those in Tamil Nadu and Andhra Pradesh too dry
- Typhoon Khanun is expected to produce copious rain, severe flooding and damaging wind in the Ryukyu Islands of Japan this week due to its slow movement.
- The storm will eventually threaten Japan’s main islands and possibly southeastern South Korea, but not until next week.
- U.S. crop weather will be wettest from South Dakota into Kansas and from there east across the lower Midwest into the northern Delta and southeastern states during the next ten days
- Northernmost parts of the U.S. Midwest may continue a little drier than usual
- Texas crop areas south of the Red River Valley will be dry for another week
- Canada’s Prairies will be dry for at least another week; crop damage cannot be reversed by any rain that falls in the next few weeks, although rain could still improve a few late season canola crops in the east as well as some corn, soybean and flax crops
- Argentina continues to be advertised to get minimal rainfall into next week
- Brazil’s Safrinha harvest will continue to advance without much weather related delay
- Wheat in southern Brazil and eastern Argentina remains favorably rated as it is in southern Australia and South Africa
- China weather will be mostly good, although drying is still needed in parts of the north after recent rain
- Slowly improving rainfall is expected in Indonesia and Malaysia in this coming week after a bout of significant drying occurred in this past week
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