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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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Thursday Jun 29, 2023
Morning Market Weather For Thursday, June 29, 2023
Thursday Jun 29, 2023
Thursday Jun 29, 2023
WORLD WEATHER HIGHLIGHTS FOR JUNE 28, 2023
- Hot temperatures occurred Wednesday in the U.S. central and southern Plains with extreme highs over 100 Fahrenheit (38C) occurring from southeastern Nebraska through central Kansas to the heart of Texas
- Missouri heated up into the 90s (32-37C) as did western Iowa and eastern Nebraska
- Central U.S. heat will advance to the southwestern and central Corn Belt today and Friday and then quickly abate as showers and thunderstorms bring cooler air and much needed moisture to the region
- Rainfall in the Midwest over the next ten days will be sufficient to improve topsoil moisture in many areas that have been driest for the longest period of time; follow up rain will still be needed, but relief to crop stress is likely
- Rain from Nebraska to Ohio will be sufficient over the coming week to improve crops that have been most stressed in recent weeks
- Missouri and Kansas rainfall may be lightest along with the northern Midwest from the Dakotas to Michigan, although portions of this latter region received rain recently
- The driest areas in the Midwest are from eastern Nebraska and eastern Kansas to Indiana and western Kentucky and the entire region will get at least some rain with a number of areas getting “significant” amounts
- No serious changes were noted in South America, with western Argentina likely to continue too dry; good harvest weather in Brazil Safrinha crop areas
- Europe and the western CIS will receive some periodic rainfall to the benefit of most crops; there will be a few pockets of dryness, but no broad-based problem area is expected
- A few areas in Russia’s Southern Region, Kazakhstan and southeastern Russia New Lands will have an ongoing need for rain, but crop development should advance well
- Northern China – north of the lower Yellow River – will continue drier and warmer than usual, but it does not look like there will be any expansion into key corn and soybean production areas
- India’s monsoon moisture will be favorably distributed into the first half of July
- Eastern Australia will get some rain early next week, although it is not advertised to be quite as wet as it had been in previous forecast model runs.
- Hurricane Adrian formed southwest of Mexico Wednesday, but poses no threat to land
- Tropical Depression 2E formed southwest of Oaxaca, Mexico overnight and will be close enough to southwestern Mexico to induce some increased rainfall in previously dry areas
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