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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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Thursday Jun 15, 2023
Thursday Jun 15, 2023
WORLD WEATHER HIGHLIGHTS FOR JUNE 15, 2023
- No major changes overnight
- Tropical Cyclone Biparjoy will reach the northwest coast of Gujarat, India this evening and will bring with it some torrential rain, a storm surge and some windy conditions
- Remnants of the storm will move through Rajasthan Friday into the weekend with some rain reaching as far east as Uttar Pradesh; most of the moisture from the storm will be welcome, despite some flooding
- U.S. Midwest dryness will continue from eastern Minnesota, eastern Iowa and northeastern Missouri to western Wisconsin and parts of Illinois over the coming week to nearly 10 days
- Canada’s Prairies are still expecting some increase in shower and thunderstorm activity over the next ten days, but some of the rain will continue erratic and light leaving a greater need for more rain
- Argentina rainfall will continue well below normal leaving western wheat areas too dry
- Northern Europe rainfall will continue restricted in this first week of the outlook especially from northeastern France through Germany, but the following week should trend wetter
- Russia’s eastern New Lands are only expecting partial relief to dryness over the next two weeks, although there will be no excessive heat for a while
- There is some potential for frost and light freezes in Russia’s northeastern New Lands this weekend and next week
- India’s monsoonal rainfall will continue minimal in this first week of the outlook, but conditions may begin to improve after June 22; rain will be most significant in association with Tropical Cyclone Biparjoy in the north through the weekend
- Australia’s rainfall will be greatest near the southern coast over the next ten days
- Northern China (north of the Yellow River) will be driest over the next ten days leaving very good crop weather for the remainder of nation
- Thailand and Vietnam rainfall will continue lighter than usual, but timely; water supply remains well below normal with little change likely
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