Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- Growing drought in the southwestern Plains and dryness in portions of Argentina and southern Brazil are the weather factors holding the market's attention Friday.

ACTIVE WEATHER FOR MIDWEST

Several systems will move through the Midwest during the course of 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 during the weekend, 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 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 PNW

A system 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, though they will be colder with more snow.

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.

BRAZIL RAINFALL MIXED NORTH TO SOUTH

Outside of a few showers possibly this weekend, southern areas will be dry for the next week, 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 showers with this system. Dry weather follows through next week though we could see some isolated showers across the far west in the middle of next week. 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 SLOW HARVEST IN EASTERN AUSTRALIA

Scattered showers continued across eastern Australia during the last week, continuing to cause concern for winter wheat and canola harvest and quality. Showers are more isolated now, but will stick around through next week.

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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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