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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 08, 2023
Morning Market Weather Update For Thursday, June 8, 2023
Thursday Jun 08, 2023
Thursday Jun 08, 2023
WORLD WEATHER HIGHLIGHTS FOR JUNE 08, 2023
- Rain is expected in the U.S. Midwest starting in the west this weekend and then advancing to the east next week
- Be cautious here…..the Gulf of Mexico is still not open as a good moisture source and the abundant rain seen in the GFS model will not likely verify
- The European model has the best forecast through day ten
- U.S. wheat production areas in the central Plains will continue to receive frequent rain, but there has not been much of a threat to grain quality with the most recent precipitation events; nonetheless, there is potential for quality declines again if it rains too frequently
- Eastern Alberta, Canada is still suffering from serious crop moisture stress
- Computer forecast models do not agree on when it will rain and how much
- World Weather, Inc. believes some rain will begin falling in the second half of this month and it will not likely be a fix all for crop development until later in the summer after atmospheric moisture is better than it will be in late June
- United Kingdom and France will get rain this weekend and then go back to a dry biased pattern for a little while longer
- The Baltic Plain and Scandinavia will continue to have the driest conditions over the next ten days with more crop moisture stress likely before rain finally evolves after June 18
- Russia’s eastern New Lands are not nearly as wet in today’s ten day forecast than it was Wednesday
- A little too much rain was removed, but relief is still anticipated through the middle part of this month occurring as both cooler temperatures and occasional rain
- China’s weather remains mostly good and unchanged from that of Wednesday
- Australia will trend drier for a while, but recent rain is inducing a well-established wheat, barley and canola crop
- India’s monsoon will not perform well for another week and probably ten days with well below normal rainfall in the south and eastern parts of the nation.
- Timely rain will continue in most tropical areas in the world over the next ten days with only pockets of dryness expected
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