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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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Tuesday Jun 20, 2023
Morning Market Weather Update For Tuesday, June 20, 2023
Tuesday Jun 20, 2023
Tuesday Jun 20, 2023
WORLD WEATHER HIGHLIGHTS FOR JUNE 20, 2023
- Northern Europe rainfall is expected to increase later this week into next week easing long term dryness over time
- Eastern Russia’s New Lands will experience cooler than usual temperatures and periods of rain later this week into next week improving soil moisture and crop conditions
- India’s monsoon is expected to start performing better late this week and most of next week easing dryness in much of the nation and supporting a better environment for planting of summer crops
- Recent rain in western and central Alberta, Canada soaked the ground and induced some local flooding
- Partial relief occurred to a portion of Alberta’s dry region in the southeast during the weekend, but many areas still need greater rain and not much is expected for a while
- Manitoba, Canada and the U.S. Dakotas as well as parts of Minnesota and western Nebraska will get waves of rain during the next ten days improving soil moisture that has been limited at times recently
- Too much rain has fallen recently from southeastern Mississippi through southern Alabama, southern Georgia and northern Florida with 2.00 to 7.00 inches common and local totals over 10.00 inches
- The U.S. Carolinas and Virginia will be wettest this week while the Delta and other areas in the southeastern U.S. dry down for a little while
- Lower eastern U.S. Midwest crop areas are expected to be a little wetter in the coming week to ten days
- The heart of the U.S. Midwest will get some rain next week, but amounts are still advertised to be light leaving crop moisture stress an ongoing concern
- U.S. Midwest temperatures will not be hot enough to induce serious crop stress, but until greater rain falls plant stress will continue in central parts of the region
- Rain during the long U.S. holiday weekend was beneficial in Iowa and Nebraska as well as some immediate neighboring areas
- Saskatchewan, Canada will be drying down over this coming week to ten days, although soil moisture is still rated good enough to protect many crops from the drier bias
- Mexico drought remains quite serious and unchanging over the next ten days
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