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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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Sunday Oct 22, 2023
Sunday Oct 22, 2023
WORLD WEATHER HIGHLIGHTS FOR OCTOBER 22, 2023
- No big surprises occurred during the weekend
- Rain fell significantly in portions of Argentina easing long term dryness
- Brazil’s center west will remain dry early this week, but will see some increasing showers late this week and next week
- Center west rainfall will be greatest in November not over the next 10 days
- Argentina rainfall will lighten up and become infrequent and lighter later this week and next week
- Western Australia is still going to be dry
- Northern parts of Russia’s Southern Region, northern Ukraine and northwestern Kazakhstan received rain during the weekend and more is coming
- Snow will accumulate in southern Canada’s Prairies and the northern U.S. Plains this week ahead of unusually cold air
- U.S. hard red winter wheat areas will get rain early to mid-week this week with snow in the northwest late this week and into the weekend
- Additional rain is expected next week
- The changes will improve winter crop establishment potentials
- Mississippi River Basin and a part of the lower Missouri River Basin will see relief from low water levels, although much more rain will be needed to remove draught restrictions
- Western Europe storminess will continue through the next ten days with rain eventually reaching into northeastern Europe leaving the Balkan Countries drier than usual
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