Commodities Market Impact Weather

OMAHA (DTN) -- Marginal rain benefit in Argentina and heavy rain prospects for Brazil crop areas during the next week are primary features for the commodity market's attention Friday.

ISOLATED MIDWEST SHOWERS

The DTN ag weather forecast calls for isolated showers in the Midwest during the next week to 10 days. There is also the potential for a snowstorm around the middle part of next week in northern areas. Drought conditions are widespread in the western Midwest and expected to deepen during the winter season.

DRY SOUTHERN PLAINS FORECAST

In the Southern Plains, snowfall early this week has increased soil moisture for dormant wheat. However, a drier pattern is expected for the region over the next 10 days.

DRY OUTLOOK FOR NORTHERN PLAINS

In the Northern Plains, above-normal temperatures during the rest of the week will be favorable for livestock. Very little precipitation is suggested through early next week. A storm system in the middle of next week could produce more moderate snowfall across the area.

WIDESPREAD BRAZIL RAIN CHANCE

Across Brazil, moderate rain is expected through the weekend over the south, which will then migrate to central and northern growing areas through next week. Southern areas have a drier forecast with possible crop stress in Rio Grande do Sul.

MARGINAL ARGENTINA RAIN BENEFIT

Argentina has seen only isolated showers over the last several days, putting stress on developing corn and soybeans. A system will bring more widespread showers Friday and Saturday. The drier trend resumes next week. Areas that have been drier and received less precipitation, mainly across the west, will show more signs of stress.

AUSTRALIA SHOWERS

In eastern Australia, recent showers across New South Wales and Queensland this week have benefited developing cotton and sorghum. More showers will continue in this area through the week and much of the weekend as well. The late harvest of wheat and canola will see some delays but developing cotton and sorghum will benefit.

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

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