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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 May 10, 2023
Morning Market Weather Update For Wednesday, May 10, 2023
Wednesday May 10, 2023
Wednesday May 10, 2023
WORLD WEATHER HIGHLIGHTS FOR MAY 10, 2023
- Western Canada’s Prairies and British Columbia will be facing a new heatwave this weekend into early next week
- A large part of the Prairies will need significant rain following the heatwave
- Rain in Canada’s Prairies will be restricted over the next ten days with the greatest rain Friday into the weekend in southeastern most Saskatchewan and southern Manitoba
- U.S. Northern Plains rainfall is expected to be widespread and significant late this week and into the weekend with field working delays likely for a little while, but the moisture will be good for the western Dakotas and immediate neighboring areas where the soil is still a little dry
- Southeastern South Dakota and southwestern Minnesota as well as eastern Nebraska will also benefit from some of this rain
- Field working delays are likely in eastern North Dakota and Minnesota
- Texas rainfall is still advertised to be substantial this weekend with most of West Texas getting significant rain that will bolster soil moisture for improved planting potentials in corn, sorghum and cotton areas
- Lighter than usual precipitation is still expected in the lower and eastern Midwest during the next ten days, although sufficient rain will fall to support aggressive planting and a favorable environment for crop emergence and establishment
- Eastern parts of the U.S. Delta and the southeastern states will experience a good mix of rain and sunshine with planting to accelerate in many areas that were experiencing slow progress previously
- Argentina rainfall is still advertised to be minimal during the next ten days
- Brazil weather will continue supporting a general dry down in field conditions in most Safrinha corn and cotton areas which is normal for this time of year, but some timely rain will soon be needed for late planted crops
- Drying is expected in portions of Russia over the next ten days, but the impact will be mostly good for crops
- Some relief to dryness is expected in northern Kazakhstan and neighboring areas of Russia
- No changes in India, China or Australia weather was noted overnight
- Italy and the western Balkan Countries of Europe are still expecting heavy rain and some flooding in the next ten days
- Some relief from dryness is expected in eastern Spain, northeastern Algeria and northern Tunisia mostly this weekend, but sooner in Tunisia and Algeria
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