The headlines this week talk about the wet June aiding crops but the wet and cooler conditions putting crops somewhat behind. In addition, if it stays wet, risks of disease increase. Weather risks that can be effectively hedged include protection against a cooler than normal summer, continued excess moisture as well as an early fall freeze. Remember with the low heat units last summer, an early freeze would have been devastating.
This edition we review the shorter term precip and medium term temp and precip outlooks.
The headlines this week talk about the warm weather aiding planting as well as the forecast for a hot and dry summer. The winter was much warmer and drier than normal which makes weather an even more important driver of yields.
With eWeatherRisk you can buy a weather hedge that protects against a late freeze as well as hot and dry conditions through the growing season. The warm and dry conditions have depleted soil moisture and may cause problems for adequate seed contact at planting as well as heat and drought issues later in the summer. Good news, bad news: Alberta weather forecasters call for hot, dry summer This edition we review the shorter term precip and medium term temp and precip outlooks.