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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.
Episodes
Wednesday Jun 07, 2023
Morning Market Weather Update For Wednesday, June 7, 2023
Wednesday Jun 07, 2023
Wednesday Jun 07, 2023
WORLD WEATHER HIGHLIGHTS FOR JUNE 7, 2023
- Cooler temperatures in U.S. crop areas of the Midwest during the coming week will help conserve soil moisture, although anticipated rainfall will be restricted
- Most areas will get “some” rain, but a general soaking will elude the key production areas
- The environment will help keep crops viable, but in need of more rain
- Drought in eastern and southern Alberta and some neighboring areas of western Saskatchewan continues and is not likely to be seriously eased for a while, but the high pressure ridge over the heart of Canada’s Prairies is expected to abate this weekend and next week which will raise the potential for rain in the driest areas, but there is no guarantee that enough rain will fall to begin supporting crops better
- Northern Europe is still quite dry and the Baltic Sea region is not likely to see much rain for another week; some rain is expected in the North Sea region, especially in the U.K. and parts of northern France within the next week
- Eastern Russia New Lands and neighboring Kazakhstan will receive some needed shower and thunderstorm activity in this coming week and the rain distribution will have to be closely monitored because of the potential for erratic rainfall and only partial relief from dryness
- India’s monsoon will continue to perform poorly because of a tropical cyclone in the Arabian Sea disrupting the normal southwest monsoon flow that brings rain to the nation. This problem will continue for another five to six days
- Northeast and southern China will remain plenty wet over the next ten days while some drying occurs in the Yellow River basin and North China Plain
- Australia weather will remain largely good as it will be in Brazil; Rain is needed in Argentina especially in the west
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