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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 Jun 11, 2023
Sunday Evening Market Weather Update For June 11, 2023
Sunday Jun 11, 2023
Sunday Jun 11, 2023
WORLD WEATHER HIGHLIGHTS FOR JUNE 11, 2023
- U.S. Midwest precipitation will continue lighter than usual over the next ten days, although mild temperatures early this week will conserve soil moisture for a little while
- Ridge building is expected over a part of the U.S. Plains and western Corn Belt during the second week of the outlook which may warm temperatures and keep rainfall lighter than usual
- Tropical Cyclone Biparjoy may bring rain to Gujarat and Rajasthan later this week and that could prove to be helpful to get cotton, rice and groundnut planting under way to help head off the potential for early withdrawing monsoonal rain late this summer
- Rainfall elsewhere in India will continue much lighter than usual
- China dryness may expand to the southwest from interior eastern Inner Mongolia over the balance of June
- Western Thailand rice, corn and some sugarcane areas are missing rain routinely and are still drier than usual
- Rain in northern and eastern Europe will come slowly during the next two weeks and some crop moisture stress is likely in the drier areas this week as temperatures continue warmer than usual while rainfall is restricted
- Weekend frost and freezes in northern Russia or the Baltic States should not have had a big impact on crops
- NOAA’s ENSO models have been reducing the intensity of El Nino in the fourth quarter this year relative to previous forecasts
- Argentina weather will continue drier than usual this week favoring fieldwork of all kinds, but rain is needed in western wheat areas
- Southern Brazil may get a little too wet later this week and drier weather may be needed
- Alberta Canada and some western Saskatchewan, Canada crop areas may get some needed rain later this week and into the weekend easing dryness and re-vitalizing some crops that have been withering recently
- North Africa is beginning to dry down
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