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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 08, 2023
Sunday Oct 08, 2023
WORLD WEATHER HIGHLIGHTS FOR OCTOBER 8, 2023
- Not many surprises occurred during the weekend
- Rain fell beneficially in northern Ukraine and rain is still expected additionally there and in Russia’s Southern Region over the next ten days
- Western Australia will continue too dry
- Argentina will get a few showers, but no general soaking rain
- Heavy rain fell in southern Brazil during the weekend and a wetter bias will continue without such intensity in the rainfall
- U.S. harvest weather is good except for Wednesday through Friday of this week when rain is expected
- Rain and snow have evolved in eastern Ontario and Quebec as predicted
- Tropical Storm Lidia will become a hurricane tonight and the move through central Mexico during mid-week with some of its rain reaching southern Texas and the U.S. Gulf of Mexico coast region later this week
- Eastern U.S. will be mild to cool in the next ten days while the west and in most of Canada’s Prairies are warmer than usual
- Southern Indonesia will continue too dry
- Myanmar will get some welcome rain in the coming ten days
- Northern India may get some needed rain later this month
- A new tropical disturbance off the west Africa coast may become a tropical cyclone this week, but it will stay over open water
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