Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- Another storm moving through the Corn Belt and a couple of fronts moving through South America are the weather factors holding the market's attention Wednesday.

ANOTHER ROUND OF RAIN FOR MIDWEST

Scattered showers, flooding, and severe weather have been a concern in the Midwest during the last couple of weeks and that renewed in parts of Iowa, Missouri, and Illinois on Tuesday. Another system will pass through western areas especially on Thursday and Friday while the region may see additional showers into the weekend and early next week. Showers may have some minor benefit to corn and soybeans, but are starting to become a hindrance for early harvest.

MIXED CONDITIONS FOR SOUTHERN PLAINS

Nebraska and Kansas will stay active during the next several days as a couple of systems pass by off to the north and a front settles into the region. Some minor benefits to corn and soybeans are possible, but overall this will have a better impact on the sporadic drought outside of the flood risks. Southern winter wheat areas need more moisture to start planting while temperatures remain high, sapping soil moisture.

ANOTHER ROUND OF GOOD RAIN FOR NORTHERN PLAINS

Scattered showers have been crossing the Northern Plains during the last week. Despite some good rainfall, drought remains firm. Severe weather has also been a concern with the showers. A system will work through the region slowly during the next couple of days with more rainfall. There may be only some minor benefits to filling corn and soybeans in the region, but should help to reduce at least some of the drought. Another system will move through early next week with seemingly few showers but could add to totals in the area.

IDA LARGELY MISSES THE DELTA

Bands of rain from Ida mostly missed the region this week outside of the far south. The drier forecast was beneficial to maturing cotton and soybeans. Some isolated showers will be possible during the next week, but remain drier than normal. Conditions continue to be mostly favorable for both crops.

BANDS FROM IDA IN THE SOUTHEAST

Bands from Ida will continue to move through the region Wednesday with a risk of tornadoes and moderate rainfall. Otherwise, favorable conditions continue for filling cotton.

CHANCE FOR SHOWERS FOR EASTERN BLACK SEA

A system moving through the region will produce scattered showers, benefiting late fill on crops, but will only have a minor effect as crops are mostly set going into September. The showers will be beneficial for soil moisture across Russia for winter wheat planting, but more will be needed.

A COUPLE ROUNDS OF RAIN FOR SOUTHERN BRAZIL

A front brought showers across Mato Grosso do Sul, Parana, and Sao Paulo, Brazil this past weekend, being favorable for developing to reproductive winter wheat and recharging some soil moisture for spring planting which starts in the next two weeks. Another front will come through late this week and weekend with more showers, and at least the southern portions of the region could remain active into next week.

SCATTERED SHOWERS FOR ARGENTINA

Temperatures in Argentina will be above normal this week, accelerating wheat development and showers will be needed. A system will bring scattered showers through the region during the next few days, but may not be widespread and more will be needed. Luckily for developing crops, it appears another couple of systems are in store to bring the needed showers next week.

John Baranick can be reached at john.baranick@dtn.com

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