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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 04, 2023
Sunday Jun 04, 2023
WORLD WEATHER HIGHLIGHTS FOR JUNE 04, 2023
- Dry weather will continue in the eastern U.S. Midwest for the next week to ten days
- Scattered showers and thunderstorms are expected in the U.S. Plains and western Corn Belt periodically during the next ten days
- A boost in U.S. Midwest rainfall may evolve after June 14
- Canada’s Prairies will see erratic rainfall over the next ten days leaving some areas in the southwestern Prairies too dry and leaving the need for more rain in the southeast as well
- Northern Europe should receive some needed rain next week, but continued dry weather is expected this week
- CIS eastern New Lands will begin getting some scattered showers to ease long term dryness during mid-week this week and the precipitation potential will continue into next week, although Kazakhstan will not see as much rain as Russia
- Ukraine and Belarus will continue drying out along with other eastern European crop areas through the coming week
- China will see a good mix of weather; winter wheat areas will be dry this week, but will begin getting rain again next week
- India’s monsoon will continue to perform poorly through the next ten days and perhaps for two weeks
- Australia will continue to receive timely rainfall for many winter crop areas
- Argentina precipitation will be restricted
- Brazil’s Safrinha crop areas will be dry over the next ten days along with coffee, citrus and sugarcane areas
- North Africa will remain wet biased
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