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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 Sep 10, 2023
Sunday Sep 10, 2023
WORLD WEATHER HIGHLIGHTS FOR SEPTEMBER 10, 2023
- Not much change occurred during the weekend
- Southern Australia will get some occasional light rain for wheat, barley and canola, but reproduction areas to the north will remain dry and warm for the next ten days
- India will receive rain in the central and east through the next ten days while the northwest is drier biased the far south is notably drier than usual
- Some rain will fall in Ukraine and Russia’s Southern Region wheat area, but greater amounts will be needed to ensure the best planting and emergence conditions
- China experienced good drying conditions in the northeast, east-central and southeast during the weekend, but these areas will trend wetter in the coming week
- Torrential rain and flooding occurred in Guangdong, China again during the weekend with one coastal area getting more than 25.00 inches
- Europe will trend wetter this week slowing fieldwork, but improving soil moisture for winter crop planting
- U.S. hard red winter wheat areas will get rain this week with sufficient amounts to improve planting, emergence and establishment conditions
- U.S. Midwest will experience net drying in the coming week to ten days favoring summer crop maturation and harvest progress
- Hurricane Lee with threatened northern New England, southeastern Quebec, Nova Scotia and Newfoundland a week from now
- Western Argentina will continue drier than usual for the next ten days
- Southern Brazil will remain wet through the end of next week, although there will be some breaks in the precipitation
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