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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 24, 2023
Wednesday May 24, 2023
WORLD WEATHER HIGHLIGHTS FOR MAY 24, 2023
- Super typhoon Mawar has moved past Guam after producing incredibly strong wind, up to 25 inches of rain and brought a notable storm surge inland; damage assessments will begin later today as the storm clears the region
- Canada’s central and eastern Prairies will get rain over the next seven days bolstering topsoil moisture for improved spring and summer crop planting, emergence and establishment
- Center west Brazil will remain seasonably dry with Mato Grosso and Goias needing a little more rain to support late season cotton and the most immature corn
- Rain expected in Sao Paulo, Parana and Mato Grosso do Sul in the coming week will be great for winter wheat and for late reproducing and filling Safrinha corn; there is no threatening cold coming any time soon.
- Argentina still needs rain in its westernmost wheat production areas, but planting moisture elsewhere is expected to be good especially after the next wave of rain occurs
- U.S southwestern Plains will see frequent showers and thunderstorms
- Some wheat areas in Texas and Oklahoma could encounter some wheat quality issues because of rain , but not in Kansas
- U.S. Midwest will see limited rainfall over the next ten days
- Australia still needs greater rainfall in Western Australia, South Australia and Queensland, though amounts in the next ten days will be limited
- Northern India will be unusually wet
- China weather remains favorable as is much of central and southern Europe
- Northwestern Europe will continue to dry down
- Russia’s New Lands near and east of the Ural Mountains will dry down over the next ten days
- Rain in North Africa and Spain has improved topsoil moisture
- Increasing rain is predicted for Thailand, Vietnam, Cambodia and Laos
- Much less rain is expected in Indonesia and Malaysia this weekend and especially next week
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