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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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Monday Jun 05, 2023
Monday Jun 05, 2023
WORLD WEATHER HIGHLIGHTS FOR JUNE 05, 2023
- ECMWF model was wetter for the eastern Midwest starting this weekend and continuing into next week
- Some of the moisture advertised for this weekend into early next week may be a little overdone, but some rain is expected
- 00z GFS model was wetter for the IOWA, Missouri, Illinois, southern Indiana, the Tennessee River Basin, Delta and southeastern states in days 11-15 today. The model was much too wet and the 06z model run was a little less intensive on the rainfall, but a boost in rain was still suggested
- Scattered showers and thunderstorms are expected in the U.S. Plains and western Corn Belt periodically in this coming week
- Canada’s Prairies will see erratic rainfall over the next ten days leaving some areas in the southwestern Prairies too dry and leaving the need for more rain in the southeast as well
- Rain is needed immediately in parts of eastern Alberta and in a few southwestern Manitoba and extreme southeastern Saskatchewan locations
- Canada’s Prairies will continue quite warm this workweek, despite a little cool front passing briefly through the eastern Prairies during mid-week
- Northern Europe should receive some needed rain next week, but continued dry weather is expected this week
- CIS eastern New Lands will begin getting some scattered showers to ease long term dryness during mid-week this week and the precipitation potential will continue into next week, although Kazakhstan will not see as much rain as Russia
- Ukraine and Belarus will continue drying out along with other eastern European crop areas through the coming week
- China will see a good mix of weather; winter wheat areas will be dry this week, but will begin getting rain again next week
- India’s monsoon will continue to perform poorly through the next ten days and perhaps for two weeks
- Australia will continue to receive timely rainfall for many winter crop areas
- Argentina precipitation will be restricted
- Brazil’s Safrinha crop areas will be dry over the next ten days along with coffee, citrus and sugarcane areas
- North Africa will remain wet biased
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