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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 Jul 09, 2023
Sunday Jul 09, 2023
WORLD WEATHER HIGHLIGHTS FOR JULY 9, 2023
- Some reduction in rainfall was suggested for Brazil’s southern Safrinha corn production areas for this week, although some showers will still occur to slow fieldwork briefly
- Argentina’s drier areas in San Luis, southern Cordoba and northern La Pampa are still expected to receive rain from late Monday into Wednesday of this week with 0.35 to 1.35 inches possible offering some relief to persistent dryness, though more will be needed
- Moderate to heavy rain is still expected in northern Rio Grande do Sul and Santa Catarina this week (Monday night into Thursday) with rainfall of 3.00 to more than 6.00 inches and local totals to 8.00 inches possible
- U.S. hard red winter wheat areas will continue to experience waves of rain this week keeping the pressure on wheat quality in parts of southern Kansas and Oklahoma
- Southern Alberta, Canada to southwestern Saskatchewan and some south-central Saskatchewan crop areas will get some needed rain this week with 0.40 to 1.50 inches and locally more
- Central and northwestern Saskatchewan will not receive much rain for another ten days, although a few showers will be possible
- Texas weather will continue drier biased and warm through the next ten days except in the Panhandle and Red River Valley where some rain is expected periodically
- Europe’s heatwave will impact France, Germany, and southwestern Poland into North Africa this week with the hottest temperatures in two waves; one early this week and the other during the weekend
- Extreme highs in the 90s are likely with extremes over 100 from southern France and northern Italy (away from the mountains) into North Africa
- North Africa temperatures will be in the upper 90s to 115 degrees Fahrenheit
- Net drying will occur from France through Germany to Poland, despite some light showers
- Southern Europe will be drier and hotter where crop stress will be most significant
- Northern Kazakhstan and neighboring areas of southeastern Russia’s New Lands will be dry through Friday and then trend wetter in time to ease some of the increasing crop moisture stress
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