Weather and Commodities http://blog.commodityweather.com Mon, 19 Sep 2011 13:44:49 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Weather for StrataConf this week http://blog.commodityweather.com/2011/09/19/weather-for-strataconf-this-week/ http://blog.commodityweather.com/2011/09/19/weather-for-strataconf-this-week/#comments Mon, 19 Sep 2011 13:40:36 +0000 Michael Ferrari http://blog.commodityweather.com/?p=2500

 

http://strataconf.com/stratany2011

 

]]> http://blog.commodityweather.com/2011/09/19/weather-for-strataconf-this-week/feed/ 0 Irene visible satellite image http://blog.commodityweather.com/2011/08/26/irene-visible-satellite-image/ http://blog.commodityweather.com/2011/08/26/irene-visible-satellite-image/#comments Fri, 26 Aug 2011 13:22:20 +0000 Michael Ferrari http://blog.commodityweather.com/?p=2493

 

from Naval Research Lab

 

 

]]> http://blog.commodityweather.com/2011/08/26/irene-visible-satellite-image/feed/ 0 Monsoon update http://blog.commodityweather.com/2011/08/21/monsoon-update/ http://blog.commodityweather.com/2011/08/21/monsoon-update/#comments Mon, 22 Aug 2011 03:39:12 +0000 Michael Ferrari http://blog.commodityweather.com/?p=2488 Current satellite showing a lull over cane regions.  Also, overnight sugar up almost 6%

 

 

]]> http://blog.commodityweather.com/2011/08/21/monsoon-update/feed/ 0 Rain light in India’s cane regions http://blog.commodityweather.com/2011/08/05/rain-light-in-indias-cane-regions/ http://blog.commodityweather.com/2011/08/05/rain-light-in-indias-cane-regions/#comments Fri, 05 Aug 2011 04:21:57 +0000 Michael Ferrari http://blog.commodityweather.com/?p=2484 Last week’s rainfall totals in India’s sugarcane regions has been light in both growing belts; see IMD map below.

 Current water vapor satellite is showing less activity in more weak activity & this supports the JulAug dryness that the Weather Trends long range forecast had predicted for this period.  With tight physical supply, this is constructive for #11 futures.

 

 

]]> http://blog.commodityweather.com/2011/08/05/rain-light-in-indias-cane-regions/feed/ 0 FAO Food Price Index http://blog.commodityweather.com/2011/07/22/fao-july-food-price-index/ http://blog.commodityweather.com/2011/07/22/fao-july-food-price-index/#comments Fri, 22 Jul 2011 13:34:24 +0000 Michael Ferrari http://blog.commodityweather.com/?p=2476 The Food and Agricultural Organization’s Food Price Indices through June are shown below.  Note the move in sugar since May; many of the reasons for this upward move have been discussed and anticipated in our weekly reports over the last few months.  Most recently, a widely distributed estimate from Canaplan for the Brazilian Centre-South crop has put the current crop at 520 mmt.  UNICA’s mid July estimate for the C-S region was 533+mmt. 

October sugar trading at 31.06 this morning (+4%)

 

]]> http://blog.commodityweather.com/2011/07/22/fao-july-food-price-index/feed/ 0 24 hour Forecast – Easton, PA http://blog.commodityweather.com/2011/07/22/24-hour-forecast-easton-pa/ http://blog.commodityweather.com/2011/07/22/24-hour-forecast-easton-pa/#comments Fri, 22 Jul 2011 13:03:22 +0000 Michael Ferrari http://blog.commodityweather.com/?p=2471

 

24 hour forecast from wt360

 

 

]]> http://blog.commodityweather.com/2011/07/22/24-hour-forecast-easton-pa/feed/ 0 US corn note – 18 July http://blog.commodityweather.com/2011/07/19/us-corn-note-18-july/ http://blog.commodityweather.com/2011/07/19/us-corn-note-18-july/#comments Tue, 19 Jul 2011 14:28:15 +0000 Michael Ferrari http://blog.commodityweather.com/?p=2464 Excerpt from the note that went out to Weather Trends clients yesterday (Monday) morning:

In light of the softer market regarding futures prices, extreme heat across the corn belt this week should add some strength to the sector with widespread warmer temperatures and a drier pattern in the southern belt for several days potentially limiting yields.  With season to date weather now figured into our models coupled with the forecast weather through harvest, the WTI outlook for US corn (18 major states) is for 2011 yield numbers to come in just above trend line (7 year) yields.  We also feel that USDA crop numbers will start to reflect these limitations on the crop. 

 

this morning’s September chart below

 

 

 

 

 

 

]]> http://blog.commodityweather.com/2011/07/19/us-corn-note-18-july/feed/ 0 Typhoon Ma-on http://blog.commodityweather.com/2011/07/19/typhoon-ma-on/ http://blog.commodityweather.com/2011/07/19/typhoon-ma-on/#comments Tue, 19 Jul 2011 12:49:49 +0000 Michael Ferrari http://blog.commodityweather.com/?p=2457 Projected track of Typhoon Ma-on from the Japan Met Agency; current satellite below.

 

 

 

 

 

]]> http://blog.commodityweather.com/2011/07/19/typhoon-ma-on/feed/ 0 Sugar exhibiting strength http://blog.commodityweather.com/2011/07/07/sugar-exhibiting-strength/ http://blog.commodityweather.com/2011/07/07/sugar-exhibiting-strength/#comments Thu, 07 Jul 2011 15:56:59 +0000 Michael Ferrari http://blog.commodityweather.com/?p=2447 World Sugar (Oct) has crossed 29 cents/lb on Thursday as the increasing cost of food prices (sugar included) has added to global inflationary pressures.  The Food and Agriculture Organization (FAO) said in a recent statement that the increasing pressure on food prices will be sustained and that while some food commodity prices have slid over the last month, the food price index has again risen driven by prices in sugar and dairy.

Looking at current Monsoon activity, the IMD weekly update noted that the past week has seen drier conditions across central and western India; regarding sugarcane development, the low precipitation activity across Maharashtra (the largest producing state) may be a cause for concern when projecting physical balances this year.  The seasonal rainfall map to date for the 2011 Monsoon season is shown below.

 

 Refer to the Weather Trends weekly forecasts to see how the Monsoon is progressing.

 

 

]]> http://blog.commodityweather.com/2011/07/07/sugar-exhibiting-strength/feed/ 0 sugar holding steady http://blog.commodityweather.com/2011/06/28/sugar-holding-steady/ http://blog.commodityweather.com/2011/06/28/sugar-holding-steady/#comments Tue, 28 Jun 2011 13:43:32 +0000 Michael Ferrari http://blog.commodityweather.com/?p=2445

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