Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- A stable but active pattern in the United States, dryness in Argentina and southern Brazil, and more showers in eastern Australia are the weather factors holding the market's attention Tuesday.

PERIODS OF SHOWERS FOR MIDWEST

Several weak systems will move through the Midwest during the course of the next week, bringing chances for showers and snow across the north and east. Amounts look to be light with each system, however.

DROUGHT INCREASING FOR SOUTHWESTERN PLAINS

An upper-level low brought scattered showers to Texas this weekend, but missed a good portion of the drier areas in the west. No significant precipitation is expected for the week, with some showers in the southeast Friday night into Saturday. Dryness will continue to build drought and reduce conditions for winter wheat.

LIMITED SHOWERS FOR PACIFIC NORTHWEST

Heavy rain went through some of the mountain areas in the Pacific Northwest, but most of the valleys stayed dry this weekend. A couple of systems will move through this week, but only light precipitation is anticipated as heavier precipitation should stay north in British Columbia. The best chance for showers comes next Monday. Temperatures should remain mostly above normal and drought stress will continue for winter wheat.

SHOWERS TOO LATE FOR BLACK SEA WHEAT

Some showers went through Ukraine and western Russia during the weekend and will continue early this week as a system moves through, but it is mostly too late as wheat is going dormant for the winter. Soils can still soak up moisture since they are not frozen yet, so any precipitation will still be beneficial, just not until the spring.

SOUTHERN BRAZIL DRYNESS CONCERNS

Scattered showers fell across most areas of Brazil this weekend as a front moved through southern states. This front cleared southern areas and will be followed by mostly dry weather for the next week, which will be unfavorable for developing corn and soybeans. Central states continue to have favorable weather.

LIMITED SHOWERS FOR ARGENTINA

Dry weather is expected for most of Argentina during the next couple of days, but a system will move through late this week and weekend with more scattered showers. Southern and western areas stand the best chance to see showers with this system. Dry weather follows this as well. The overall drier pattern will deplete soil moisture that has built up during the month of November, increasing stress for developing corn and soybeans.

SHOWERS CONTINUING TO SLOW HARVEST IN EASTERN AUSTRALIA

Scattered showers continued across eastern Australia this weekend, continuing to cause concern for winter wheat and canola harvest and quality. Showers will stick around these areas through the week, but will be more isolated than we have seen in November.

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Get a full rundown on the 2022 outlook for weather affecting U.S. and international crop areas during the DTN Ag Summit, Dec. 5-7, in Chicago. Visit www.dtn.com/agsummit for more details about the summit and to register.

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

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