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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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Friday Jun 30, 2023
Friday Jun 30, 2023
WORLD WEATHER HIGHLIGHTS FOR JUNE 30, 2023
- Beneficial rain fell in a part of the central Midwest overnight with parts of central Illinois into southwestern Indiana receiving more than 1.00 inch of rain; some excessive rainfall of multiple inches impacted southwestern Indiana
- A derecho impacted the Midwest Thursday coming out of Nebraska and far northeastern Kansas to northern Missouri, southern Iowa and parts of Illinois and Indiana
- Some crop damage resulted, but the assessments are just beginning; the losses should not be as great as 2020, but it will contribute to the already smaller 2023 drought impacted corn crop
- Waves of rain will continue to impact the Midwest through the next week to ten days with some of the greatest rain occurring this weekend and early next week
- Tropical Storm Beatriz will become a hurricane today and will be close enough to the central western Mexico coast to produce torrential rain, flooding and strong wind speeds today into Sunday; Guerrero to Jalisco will be most impacted
- Drought relief is expected and damage should be mostly near the coast and might be mostly from heavy rain and flooding
- The hurricane may weaken to tropical storm status as it impacts the southern tip of Baja California early next week
- Canada’s Prairies will experience a cool airmass early to mid-week next week that may set off a little rain, but amounts will be light and the crop relief from dryness will be limited; nonetheless, some relief will occur from this weekend’s warm and dry bias
- West Texas will get some welcome rain tonight and again Saturday night resulting in some 0.30 to 1.00 inch amounts of rain with several totals of 1.00 to 2.00 inches; the relief will be welcome for many crops impacted by excessive heat and dryness over the past ten days
- Hot weather continued in the southern half of the Plains Thursday and some of it pushed into the southwestern Corn Belt and Delta
- The heat will advance to the east today and Saturday, but should breakdown as it moves to the east
- India’s rainfall is expected to be favorable over the next two weeks
- China, Europe, the CIS, Australia and South America Weather outlooks did not change much overnight
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