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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 Jul 12, 2023
Morning Market Weather Update for Wednesday, July 12, 2023
Wednesday Jul 12, 2023
Wednesday Jul 12, 2023
WORLD WEATHER HIGHLIGHTS FOR JULY 12, 2023
- Europe will continue to dry down in many areas during the coming week raising concern for summer coarse grain and oilseeds from France to Germany and in the Balkan Countries where it will be driest and warmest
- Relief is expected to begin in northern Kazakhstan and southeastern Russia’s New Lands over the balance of this week with some cooling likely and eventual periods of rainfall coming; warming will return again late this month
- India will remain plenty wet except in the interior south where lighter than usual rains will continue
- An outbreak of tropical cyclone development is possible in the South China Sea and Philippines Sea next week and into the following weekend with a monsoon depression also likely in the Bay of Bengal that may move into India
- Tropical Storm Calvin formed off the west Mexico coast and it will move away from North America in the coming week while becoming a hurricane
- Xinjiang, China and portions of central and western Inner Mongolia will turn hotter over the coming week to ten days stressing some crops
- Other areas in China will experience more favorable weather
- Southern Australia will see some periodic light rain and drizzle while interior northern crop areas are relatively dry for a while
- Argentina continues to receive some light rainfall that will induce some improved wheat and barley establishment in the previously dry areas of the wet, although more rain will be needed
- Good harvest conditions will dominate Brazil’s Safrinha crops for a while
- U.S. far western states will experience very warm to hot temperatures and little to no rain for a while
- Monsoonal showers and thunderstorms will reach southeastern Arizona and southwestern New Mexico this weekend and next week
- Texas crops south of the Red River in the U.S. southern Plains will be mostly dry and warm to hot through the next two weeks
- Well-timed rain is expected in parts of the central and lower U.S. Midwest, Delta and southeastern states
- Upper U.S. Midwest, far northern Plains and Saskatchewan crop areas will continue missing rain events which will stress some crops.
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