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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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Thursday Aug 24, 2023
Morning Market Weather Update For Wednesday, August 24, 2024
Thursday Aug 24, 2023
Thursday Aug 24, 2023
WORLD WEATHER HIGHLIGHTS FOR AUGUST 24, 2023
- Today’s computer forecast weather models have removed rain from Queensland and northern New South Wales that was advertised for Sunday through Tuesday in Wednesday morning’s forecast; the change was needed and necessary
- Southern Australia rainfall looks lighter than usual for the next ten days, but soil moisture is still rated favorably in many areas
- Argentina’s forecast is still dry through day ten, but the 00z GFS model run has introduced rain for much of the nation in the days 11-15 period; some of this moisture is overdone, but that is the earliest that some relief to dryness in the west can occur
- Europe will be tending wetter again, but recent dry and warm weather was good for advancing fieldwork
- Southern France into Spain have been excessively hot recently stressing crops and raising concern about the long range outlook for coarse grain and other unirrigated crops; cooling is coming, but not much rain for a while
- Drying will continue in eastern Ukraine through Russia’s Southern Region into western Kazakhstan, although it will not be as hot as it has been
- Frost and is possible in northern Russia late this weekend into early next week
- Frost and light freezes could show up in Canada’s Prairies during the second and third weeks of September
- India is still facing less than usual rainfall across a big part of the nation into September
- An early withdrawal of the monsoon is expected in Pakistan, Gujarat and Rajasthan and rainfall in other areas will be lighter than usual at times going into the first ten days of September
- 2023 will eventually be declared a drought year for India as monsoonal rainfall deficits drop below 10% of the norm
- Many areas in China will continue a little too wet, but there will be some welcome drying in eastern Inner Mongolia, Jilin and parts of Liaoning in the next ten days
- Central and western U.S. Midwest crop areas will continue drier than usual for at least another ten days maintaining crops stress, although cooling Friday into the weekend will reduce some of the stress
- Southern U.S. Plains shower activity will begin to increase late this weekend and continue next week
- Southwestern Canada’s Prairies will remain dry and temperatures will be trending hotter again late this weekend into next week
- Tropical disturbance may form in the northwestern Caribbean Sea this weekend and threaten Florida next week
- Tropical Storm Franklin will become a hurricane over open water in the Atlantic Ocean and two other tropical disturbances over the central Atlantic have some potential to evolve into tropical cyclones, but the will all stay over open water posing no threat to land
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