A strong penultimate day performance means New Zealand is well placed for medals in the 49er and 49erFX events going into the final day of 2016 Weymouth Sailing World Cup Regatta with just the medal race remaining.

After today, Logan Dunning Beck and Jack Simpson lead the 49er fleet and will don the yellow bibs for tomorrow's medal race, while Alexandra Maloney and Tauranga's Molly Meech are lying third overall in the 49erFX.

Alex Maloney and Molly Meech are in podium contention. Photo: File.

The regatta, being sailed at the 2012 London Olympic Games venue, has been plagued by uncharacteristically light winds and over the opening four days of the five-day regatta.

Sailors have spent plenty of time ashore waiting for the wind. Postponements affected today's schedule as well, but racing did take place for all 10 fleets in a south-westerly breeze that ranged from 6-10 knots.

Sailing late into the evening in Weymouth the 49er fleet completed three races in Weymouth today the kiwi pair of Logan Dunning Beck and Jack Simpson regaining their day one lead after coming through the tricky day relatively unscathed.

Coming ashore with an 8-12-5 scorecard from today, Dunning Beck and Simpson now top the leader board and hold an eight-point leading margin. Their main rivals each suffered at least one poor race result and are relegated down the board as a consequence.

The 49er medal race is scheduled to start at 12.50am (New Zealand time) tomorrow for New Zealand fans. Watch it live here

Lying 7^th going into the penultimate day Alexandra Maloney and Molly Meech, who will represent New Zealand at Rio 2016 were the standout skiff performers in today's light wind conditions off Weymouth.

The 49erFX were the first fleet on the water on Saturday and Meech was relieved to get some good competition in.

"On the first day we took a long time to warm up and get some racing practice in and then we have been waiting so long on shore that both of us have been getting really competitive and been dying to get some races in.”

They placed 2, 1and 3 in their three races to put themselves into the medal mix with just one high-stakes race to run. Now third they're five points behind second place and seven adrift of the leaders – GBR's Charlotte Dobson and Sophie Ainsworth.

With just two points back to the Norwegian crew in fourth, the scene is set for a terrific medal race in the women's skiff class.

"Our last few medal races haven't been our best but we have learned the lessons from them and we will go into tomorrow with a better strategy to nail it,” Meech says.

[The 49erFX medal race is scheduled to start at 1.25am, watch it live here.

NZL Sailing Team's Gemma Jones and Jason Saunders have narrowly missed the medal race cut ending the day 11^th overall in the Nacra 17 fleet. Today they sailed two races and scored a couple of top ten finishes to improve their overall standing, but not quite enough to break into the top 10 in Weymouth.

Not far behind them Olivia Mackay and Micah Wilkinson have closed the regatta in 13^th overall.

Like his team-mates in the multihull, NZL Sailing Team's Laser sailor Tauranga's Sam Meech improved his overall position after racing today, but it lifted him to 14^th place which he takes away as his final result from Weymouth.