Commodities Market Impact Weather

OMAHA (DTN) -- Uncertainty about rain prospects in the major Brazil crop areas and limited rain chances in central Argentina are the key weather items for the commodity trade's attention Thursday.

VARIABLE MIDWEST PRECIPITATION

The DTN ag weather forecast calls for variable Midwest precipitation during the next seven days. Light to locally moderate amounts are in store for the eastern sector. Western Midwest areas will be mainly dry.

DRY AND WARM IN SOUTHERN PLAINS

A dry pattern is in effect for the Southern Plains through the next seven days. This is unfavorable for winter wheat. Kansas crop conditions are notably worse than a year ago at 31% good to excellent compared with 51% good to excellent at this same time in November 2019.

MILD NORTHERN PLAINS FORECAST

Northern Plains areas have a dry and mild forecast through the next week. Precipitation will be confined to occasions of light snow crossing the region during the weekend. No adverse conditions for transport or livestock are indicated.

SOUTHEAST RAIN

Southeast crop areas have periods of heavy rain from Tropical Storm Eta during the next two days. Harvest disruption and crop damage are possible. Delta areas are outside the primary rainfall area.

UNCERTAIN BRAZIL RAIN CHANCE

Brazil crop areas continue with a forecast for moderate to heavy rain through the next week. This forecast will be closely watched for crop moisture benefit. Only scattered light amounts have been noted so far during this week.

LIGHT ARGENTINA SHOWERS

Argentina crop areas have periods of rain forecast through the rest of the week. Amounts are expected to be light. The presence of a La Nina event in the Pacific Ocean leads to prospects for below average precipitation in the 2020-21 growing season. Corn and soybean production estimates have already been lowered in anticipation of dryness impact.

LIGHT RUSSIA RAIN

Russia wheat areas have light rain in the forecast through the next seven days. Wheat in the Black Sea region is still likely to go into the dormant phase for winter with soil moisture deficits.

SCATTERED AUSTRALIA SHOWERS

Scattered light showers are indicated for all Australia wheat areas through the next seven days. The pattern of light showers will offer very little disruption to wheat harvest. The Australia wheat crop is expected to be more than 80% larger than the drought-reduced crop of 2019-20.

Bryce Anderson can be reached at bryce.anderson@dtn.com

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