Morning Market Weather Update for Monday, August 7, 2023

WORLD WEATHER HIGHLIGHTS FOR AUGUST 7, 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 Korean Peninsula from south to north during mid-week this week producing torrential rainRemnants 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 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