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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 02, 2023
Friday Jun 02, 2023
WORLD WEATHER HIGHLIGHTS FOR JUNE 02, 2023
- No major changes overnight again
- Northern Europe will continue unusually dry for at least another ten days, though no extreme temperatures are expected
- Eastern Russia’s New Lands will be dry and warm through the weekend before rain scatters through the production region and temperatures begin to cool
- Kazakhstan will continue drier biased throughout the next ten days, despite a few showers and some cooling later next week and into the following weekend
- All of Australia still has a very good chance for additional needed moisture in each of the major wheat, barley and canola production areas during the coming ten days
- North Africa and southern Europe will continue wetter than usual
- India’s monsoon will perform poorly in the first half of this month in southern and eastern parts of the nation
- Tropical cyclones may evolve next week in the Arabian Sea, Bay of Bengal and South China Sea
- U.S. Midwest crop areas will continue to dry down over the next ten days with temperatures very warm through the weekend and then a little milder briefly next week
- U.S. Great Plains weather will continue wettest from western Texas to Montana
- Saskatchewan, Canada will receive frequent rainfall during the next ten days except in the southeast where net drying is likely
- Southern Manitoba, Canada will be drying out for a while as well while the biggest concern remains in eastern and southern Alberta where drought remains a serious concern
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