Author: Michael Ferrari, PhD
VP, Applied Technology & Research
ICE sugar futures are up this morning, again pushing through the mid 16 cent barrier (Jul currently at 16.6).  Licht came out with a statement (reported via Bloomberg)  that higher production in Brazil & India is allowing them to raise their forecast for global production to 155 mmt [...]

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
The Indian Monsoon is progressing as we expected this year – we had forecast a better start than last year which has verified with strong convective activity bringing rains to much of the southern subcontinent.  However, the Weather Trends forecast has differed from the Indian Meteorological Department (IMD) [...]

 Author: Michael Ferrari, PhD
VP, Applied Technology & Research
The Canadian Met Department’s model usually has a fairly good track record regarding the early identification of tropical activity.  If other models are hinting at some type of development (particularly for a system with a potential track into the eastern Gulf), and the Canadian model does not pick [...]

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Convection has scaled back in the south; more activity expected over Kerala, Tamil Nadu and A.P. between Thu-Sat.  This agrees with IMD discussions.  Overall the monsoon has been off to a favorable start; however, I still have concerns for NW.

The National Hurricane Center has stated that the system moving over the central Caribbean has a 40% chance of developing into a tropical cyclone over the next 48 hours.  Updates will be posted as necessary.

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Bloomberg news notes today that India’s gold imports have shown some signs of slowing, with May purchased at roughly half of what they were one month prior.   May’s price surge is surely related, but one factor that we will be watching over the next 30-45 days is the [...]