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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 May 31, 2023
Morning Market Weather Update For Wednesday, May 31, 2023
Wednesday May 31, 2023
Wednesday May 31, 2023
WORLD WEATHER HIGHLIGHTS FOR MAY 31, 2023
- Northern Europe will continue unusually dry for at least another week and probably ten days
- Eastern Russia’s New Lands will be dry for several more days, but rain is expected sporadically later this week and into next week offering some relief to recent drying
- Kazakhstan will continue dry biased throughout the next ten days
- Australia still has a very good chance for needed moisture in each of the major wheat, barley and canola production areas during the coming ten days
- North Africa and southern Europe will continue wetter than usual
- India’s Monsoon will start poorly this year with the first half of June notably drier biased in the south and east parts of the nation
- U.S. Midwest crop areas will continue to dry down over the next ten days with temperatures very warm in this first week of the outlook and then cooler conditions will occur briefly
- U.S. Great Plains weather will continue west from western Texas to Montana
- Some relief from dryness is expected in eastern Alberta and western Saskatchewan, Canada during the coming week, although no drought busting rain event is expected
- Southern Manitoba, Canada will continue to experience limited rainfall and be drier than usual for a while
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