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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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Wednesday Jun 21, 2023
Wednesday Jun 21, 2023
WORLD WEATHER HIGHLIGHTS FOR JUNE 21, 2023
- Not much change occurred overnight
- U.S. weather will continue dry biased in the heart of the Corn and Soybean Belt; the next set of showers due into the driest areas will occur this weekend and linger into Monday with follow up showers during the second half of the week
- Resulting rainfall will be lighter than usual, but several areas should benefit even if the resulting amounts are limited
- Frequent follow up rain is still needed
- Gulf of Mexico will not open as a good moisture source for the Midwest during the next ten days
- Mexico’s drought remains serious and the lack of monsoon moisture threatens its summer crop production
- Texas continues hot and dry with little to no change likely for the next ten days
- Livestock and crop stress will be on the rise
- Dryness relief is expected in the northern U.S. Plains and some neighboring areas in the southeastern Canada Prairies during the coming week
- Recent rain in central, western and northern Alberta, Canada has greatly improved its moisture profile with some areas in the west possibly too wet
- Drought continues in southeastern Alberta and some immediate neighboring areas
- Northern Europe rainfall is expected to increase later this week into next week easing long term dryness, but another bout of drying should follow the relief
- 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
- Australia’s winter crops are rated favorably, though there is need for rain in northern production areas
- No change in South America weather was noted overnight
- No change in China weather was suggested either
- Western Thailand rice, corn and sugarcane conditions are still not good, but recent rain in eastern Thailand and neighboring areas of Vietnam and Laos have either improved or soon will improve
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