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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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Monday Jun 10, 2024
Monday Jun 10, 2024
Tropical weather expected in the Gulf of Mexico late this week and again next week interferes with weather across key U.S. crop areas during the next two weeks. Some drying is expected in this first week of the outlook in the Midwest, Delta and southeastern states while the upper Midwest and northeastern Plains along with Canada's eastern and northern Prairies are wet biased
- Showers are still advertised for parts of the region from eastern Ukraine to western Kazakhstan
- Showers are still advertised for the North China Plain especially next week
- Not much change was noted in India, Australia, Europe or South America
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