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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 23, 2023
Wednesday Aug 23, 2023
WORLD WEATHER HIGHLIGHTS FOR AUGUST 23, 2023
- GFS model suggested Queensland and northern New South Wales, Australia may receive rain Sunday through Tuesday of next week with 0.50 to 1.50 inches and a few greater amounts
- There is potential this event will be reduced in future model runs, but any rain that falls would be extremely welcome since many of these areas will see winter crops reproduce in early September.
- Argentina is still advertised to be dry or mostly dry during the next 10 days maintaining concern over wheat production this year, although there is still time for improved soil moisture
- Brazil rainfall is slated to increase next week with today’s outlook much wetter in southern Brazil on the European model run
- Key U.S. crop areas in the Great Plains, Midwest and northern Delta are still unlikely to get “significant” rain over the next ten days
- U.S. temperatures will be very warm to hot again today and Thursday in the middle two thirds of the Great Plains and in the western Midwest
- Cooling is expected from north to south through the U.S. Plains Friday and Saturday with Saturday and Sunday temperatures much closer to normal if not a little cooler than usual
- Warming is expected in U.S. crop areas of the Plains and Midwest again next week with temperatures above normal late next week through the following weekend
- Western Alberta, Canada will continue too wet with frequent bouts of significant rain to keep fields wet and fieldwork slow; the moisture will also slow crop maturation rates
- Eastern Saskatchewan and Manitoba, Canada will get some rain periodically over the next ten days benefiting some of the region’s late season crops
- Canada’s Prairies will turn warmer than usual after the next several days of near normal temperatures
- Europe is still advertised to trend wetter this weekend into next week
- Portions of Ukraine, Russia’s Southern Region and western Kazakhstan will remain drier and warmer than usual
- China will remain plenty wet over the next ten days except from Shandong to eastern Liaoning and western and Jilin where net drying is expected
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