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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 09, 2023
Morning Market Weather Update For Friday, June 9, 2023
Friday Jun 09, 2023
Friday Jun 09, 2023
WORLD WEATHER HIGHLIGHTS FOR JUNE 09, 2023
- High pressure will remain aloft over central Canada’s Prairies and influence a part of the U.S. Northern Plains and Upper Midwest this weekend through mid-week next week limiting rainfall and allowing for warmer than usual temperatures
- The Canada high pressure ridge aloft will break down during mid- to late-week next week raising the potential for rain to develop in the western and central parts of the Prairies
- U.S. Midwest rainfall advertised for the next ten days will be light enough to maintain some concern over long term soil moisture and year enough precipitation will occur to benefit some of the crops in the region
- Cooler weather this weekend and early next week in U.S. Midwest will reduce crop moisture stress, although until significant rain falls there will be some ongoing concern over long term crop development potential
- A favorable mix of weather will occur in the U.S. Delta, southeastern states and central Plains
- West Texas cotton, corn and sorghum areas will experience limited rainfall for a while and some drying is expected to support fieldwork
- Eastern Russia’s New Lands and Kazakhstan will receive “some” rain in the coming ten days to ease long term dryness, but greater rain may still be needed
- Northwestern Europe (i.e. the U.K., France and some neighboring areas) will get rain this weekend with a limited number of showers next week
- Northeastern Europe will continue dry biased for ten days
- India’s monsoon will continue performing poorly in the south and east through the next week and possibly for ten days
- Australia’s greatest rainfall of the past week has ended and limited precipitation will now occur for the next ten days
- Argentina will be dry for the next ten days
- No threatening cold is expected in southern Brazil next ten days; Rain will fall in the south
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