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| We are dealing with a good old fashioned Bermuda High which may or may not shift locations.....each weather market I've traded, going back into the 60's, is a bit different & wide swings are experienced. The La Nina has landed & conditions in some parts of SA are changed.
Perhaps the primary consideration at this time is Europe & Former Soviet Union & a few select areas in China. Last week, two key areas in the FSU experienced 111 degrees & 108 (ag areas) & another shot of high temps is forecast for this coming weekend. The last report I read tonight suggests 23 million acres are in jeopardy of some type of loss & in a couple of "black earth" locations the wheat harvest was reduced 53% from a year ago.
In my experience with the 1972 era, the following crops are vulnerable: sugar beets, pulses, wheat, barley & cotton. In one of the hottest sectors last week, is also the location for quite a bit of livestock.
I am aware several regulars from 'down under' contribute to this forum & have noted reports of record low temps (in non-crop areas).
Edited by SeniorCitizen 7/20/2010 02:29
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The Weather
