Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- Growing drought in the southwestern Plains, dryness in portions of Argentina and southern Brazil, and more showers in eastern Australia are the weather factors holding the market's attention Thursday.

ACTIVE WEATHER FOR MIDWEST

Several systems will move through the Midwest during the next week, bringing chances for showers, and snow mostly across the north and east. Amounts look to be light with each system, except for one toward the middle of next week, which could be more moderate.

DROUGHT GROWING IN SOUTHWESTERN PLAINS

Some isolated showers will be possible in the southeastern Plains Friday night into Saturday, otherwise generally dry weather is expected through the middle of next week. The dryness continues to build drought and reduce conditions for winter wheat.

SHOWERS INCREASING NEXT WEEK FOR PACIFIC NORTHWEST

A couple of systems will move through the Pacific Northwest through the weekend, but only light precipitation is anticipated as heavier precipitation should stay north in British Columbia. The best chance for showers comes on Monday and a couple of systems will follow it next week with shower potential that could benefit winter wheat.

BLACK SEA WHEAT GOING DORMANT IN POOR CONDITION

Scattered showers have gone through the Black Sea region during the last several days, 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 DRYING OUT

Outside of a few showers possibly this weekend, southern Brazil will be dry, which will be unfavorable for developing corn and soybeans that are approaching reproduction. Central states continue to have favorable weather for developing to reproductive corn and soybeans.

LIMITED SHOWERS FOR ARGENTINA

A system will move across Argentina through this weekend with scattered showers. Southern and western areas stand the best chance to see meaningful precipitation with this system. Dry weather follows through next week. The overall drier pattern will deplete soil moisture that has built up during November, increasing stress for developing corn and soybeans.

SHOWERS CONTINUING TO SLOW HARVEST IN EASTERN AUSTRALIA

Scattered showers continued across eastern Australia this weekend and early this week, continuing to cause concern for winter wheat and canola harvest and quality. Showers are becoming more isolated, but will stick around through the weekend and possibly next week as well.

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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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