Event Title

Ag Weather Outlook

Start Date

29-11-2007 12:00 AM

Description

The increased demand for commodities does not change production risk but it does raise the stakes, and it does directly impact marketing risk. Tie demand together with increased weather risk to production, and the benefits of good management and marketing decisions are greatly multiplied. There is no sure way to forecast how weather during the next 10 months will differ from usual, but some indicators do exist. Sea surface temperatures in the equatorial Pacific have been not unlike those observed in 1987. Midwest weather extremes throughout 2007 have been notable as is often the case before major drought events. The well-documented 19-year climate cycle has entered the high risk phase, and responses associated with a general warming trend compound the risk.

DOI

https://doi.org/10.31274/icm-180809-870

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Nov 29th, 12:00 AM

Ag Weather Outlook

The increased demand for commodities does not change production risk but it does raise the stakes, and it does directly impact marketing risk. Tie demand together with increased weather risk to production, and the benefits of good management and marketing decisions are greatly multiplied. There is no sure way to forecast how weather during the next 10 months will differ from usual, but some indicators do exist. Sea surface temperatures in the equatorial Pacific have been not unlike those observed in 1987. Midwest weather extremes throughout 2007 have been notable as is often the case before major drought events. The well-documented 19-year climate cycle has entered the high risk phase, and responses associated with a general warming trend compound the risk.

 

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