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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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Sunday Jul 02, 2023
Sunday Jul 02, 2023
WORLD WEATHER HIGHLIGHTS FOR JULY 2, 2023
- U.S. weather is improving
- Canada’s Prairies are still dealing with dryness issues, although this week will be cooler
- Europe also has pockets of dryness, but the situation will not deteriorate much more
- CIS crop areas rated well, but some drying is expected from Russia’s Southern Region to northern Kazakhstan the southeastern Russia New Lands
- Inner Mongolia is still too dry, but key summer crop areas in China are doing well
- Western Thailand, Myanmar and Vietnam all need greater rain
- Southern Indonesia is a little dry, but other areas are fine as are the Philippines
- Eastern Australia will get rain this week; most of the nation is favorably moist
- India’s monsoon will perform well for the next two weeks
- Argentina will get “some” rain this week, but the driest areas in the west will not get enough
- Safrinha harvest weather in Brazil will be good most of this week
- No tropical cyclones are present in the world today that would threat any key agricultural area
- Mexico’s drought should be eased slowly in the next few weeks
- Southern Oscillation index has been steadily rising since early June
- El Nino conditions will change very little or weaken slightly during July
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