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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 06, 2023
Tuesday Jun 06, 2023
WORLD WEATHER HIGHLIGHTS FOR JUNE 6, 2023
- S. Midwest cooling and expected rainfall during the coming week to ten days will offer some relief to recent drying and crop moisture stress
- A full restoration of soil moisture is not likely and many areas will remain on a path for below average rainfall this month, but the timely rain and cooling should benefit many crops
- Less rain is expected in West Texas cotton, corn, sorghum and peanut production areas during the next ten days, although it will not be dry
- Canada’s Prairies will continue drier biased and warm through the end of this week and into the weekend, despite some showers
- Some increase in rain and cooling is possible in the second week of the forecast
- Northern Europe is expecting rain this weekend and next week easing long term dryness
- Eastern CIS New Lands will get some much needed rain this week and into early next week easing recent very warm to hot temperatures and accelerated drying
- India’s monsoon will perform poorly through the weekend and into early next week, but it will improve shortly thereafter with greater rain in the south and eastern parts of the nation
- Australia is still getting some very well distributed rainfall across key wheat, barley and canola areas favoring well established winter crops
- Argentina is not likely to see much rain, but will have good planting conditions for wheat and barley as well as have success with summer crop harvest progress
- Brazil’s Safrinha crops will get a little rain in this coming week
- China’s weather will be mostly good
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