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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 Aug 06, 2023
Sunday Aug 06, 2023
WORLD WEATHER HIGHLIGHTS FOR AUGUST 6, 2023
- Timely rain is still expected in the U.S. key crop areas for the next ten days; including the Midwest, central and northeastern Plains, Delta and southeastern states
- Texas will continue quite dry and warm to hot south of the Red River during the next ten days
- Canada’s Prairies will get some rain during mid-week this week from east-central Alberta through west-central and northwestern Saskatchewan to southwestern Manitoba, although amounts will be light
- No drought relief is expected in the southwestern Prairies of Canada for at least ten days
- No drought relief in western Argentina for the next ten days to two weeks
- Southernmost Brazil, Uruguay and eastern most Argentina will get rain periodically over the next ten days
- Safrinha corn and cotton harvesting in Brazil will advance swiftly next ten days with no rain likely
- China will continue plenty moist with some heavy rain likely in the west and south part of crop areas east of Tibet
- Tropical Storm Khanun will move through the eastern Korean Peninsula from south to north during mid-week this week producing torrential rain
- Remnants of the storm may eventually reach northeastern China producing heavy rain there late this week
- East-central China may be dry for a while this week as the tropical cyclone moves through the Korean Peninsula
- Southern Australia will continue to receive periods of rain this week while northern areas are dry biased
- Central and northeastern Europe, central and western Ukraine and western Russia will receive bouts of rain this week continuing a slow harvest pace for winter small grains
- France and most of southern Europe will be drier biased this week
- No tropical systems are expected to develop in the Atlantic Ocean Basin this week
- Tropical Storm Eugene has formed south southwest of the southern tip of Baja California, Mexico and will move away from land this week while slowly weakening
- India’s western rainfall will continue lighter than usual this week
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