Morning Market Weather For Wednesday, June 28, 2023

WORLD WEATHER HIGHLIGHTS FOR JUNE 28, 2023

• GFS model may be a bit overboard on two week rain amounts in the heart of the Midwest, but all models today continue to produce an outlook that brings relief to driest areas of the Midwest during the next ten days to two weeks.
• Canada’s central Prairies do not get much moisture over the next ten days and with temperatures near to above normal crop moisture stress will be on the rise with many areas getting too dry
  • Southern and east-central Alberta and western and Central Saskatchewan have been fighting dryness all season and this pattern will not help the situation
• Mexico’s monsoon rains are still expected to increase during the next two weeks, but the amount of moisture that gets entrained to the southwestern United States will be limited for a while longer
• Northern U.S. Plains and Manitoba, Canada weather will be favorably mixed with showers and sunshine during the coming ten days
• Europe and western CIS weather continues to be mostly favorable with a mix of rain and sunshine expected throughout the next ten days; Pockets of dryness will remain
• China’s heat wave and drought environment is not likely to have a big impact on key corn and soybean production areas, despite the media hype. It is hot and stressful, but the key corn and soybean production areas will be fine
  • The area impacted will mostly be north of the Yellow River as we have been discussing for a while – that region produces spring wheat, sugar beets and little corn, but is not considered to be a key part of the nation’s corn and soybean production region and relief is coming
• Eastern Australia rain is still expected next week
• India’s central and northwestern Rain will occur as expected Tuesday except with a little less follow up rain next week relative to yesterday’s forecast
• Argentina has a little more rain coming in some of its wheat country Sunday and Monday, but the drier areas in the west will still need more