New forecast product from Weather Trends International

The 30 day cooling degree day (CDD) outlook for major US markets is shown in the table above.  Colors indicate CDD forecast relative to same period of last year.  From an energy demand perspective, we are not expecting any significant demand spikes at the front end of the cooling season.  Clients can access the 35 [...]

The recent SST anomalies are showing increasing warming around 120-130E, with a particular change of the warm surface waters north of Australia.  The image at the top left shows the monthly SST anomalies, compared to the top right which show the most recent weekly anomaly.  A significant warming can be seen in equatorial regions, coupled [...]

Corn planting in the US should be closing in on completion this week. Rain in the short range forecast for this week could slow the final stages of planting; see current radar with corn/soybean regions shaded below.  As we are now in June, corn planting progress to date pushes corn to a ‘late plant’ [...]

Crude oil starts the week at a seven month high, as the $70 mark is within reach in the short term (currently in the $67-68 range). Global oil demand estimates are picking up, fueled by expectations that China’s strong industrial manufacturing numbers will continue. There appear to be a number of global economic [...]

Sugar futures seeing short term support as part of the broader strength in the global commodities complex; raw sugar still in the mid to high 15 cent range. Long positions have increased with most news on the fundamental side still being driven by the shortage in India’s crop, and the subsequent difficulty for [...]