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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 16, 2023
Morning Market Weather Update For Friday, June 16, 2023
Friday Jun 16, 2023
Friday Jun 16, 2023
WORLD WEATHER HIGHLIGHTS FOR JUNE 16, 2023
- Excessive rain fell in northern Florida and a few counties in far southern Georgia Thursday and overnight with 3.00 to 7.60 inches and Pensacola, Fla. reporting 9.84 inches
- Additional waves of heavy rain will fall in these same areas during the coming week to ten days resulting in more flooding and possible crop damage
- Central and eastern Midwest crop areas are unlikely to get much rain for the next ten days; the area includes eastern Iowa and southern Wisconsin through Illinois to Michigan, Ohio and some northern Kentucky locations
- The areas already hurting from dryness are most significant in Illinois, eastern Iowa and some areas in southeastern Minnesota and southwestern Wisconsin
- Excessive rain is expected in western Alberta, Canada Sunday through Tuesday while drought remains in interior southern and east-central parts of the same province
- Texas weather will be hot and mostly dry during the next ten days
- Mexico’s drought will not be seriously eased in the next ten days
- No changes were noted in South America overnight leaving western wheat areas in Argentina dry and southern Brazil wet
- Europe will remain warmer than usual during the next ten days with improving chances for rain in drier areas of the north
- Russia’s Eastern New Lands will be quite cold this weekend into next week resulting in some unusually late frost and freezes
- Rain is expected in eastern Russia’s New Lands and northern Kazakhstan in this coming week to help ease dryness
- India will get heavy rain from Gujarat to Uttar Pradesh this weekend and early next week
- India’s monsoon will begin improving late next week and continuing into early July, but it will take a while for “normal” rain to evolve
- China’s North China Plain and northern half of the Yellow River Basin will experience lighter than usual rain for much of the next two weeks and temperatures will be warm enough for net drying, despite some showers
- Southern China will receive too much rain over the next two weeks resulting in concerns for rice and sugarcane
- No changes of significance were noted for Southeast Asia, Australia or South Africa
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