Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- Colder air being replaced by warmer and drier air next week and a period of scattered showers in Argentina and southern Brazil are the weather factors holding the market's attention Friday.

MODERATING TEMPERATURES FOR MIDWEST

Moderate to heavy mixed precipitation has fallen over a large portion of the Midwest this week, leading to saturated soils and some flooding. Colder temperatures will moderate next week with above-normal readings melting snowpack that has built up across some of the region.

SOUTHERN PLAINS WHEAT STILL DRY

Hard red winter wheat areas in the Southern Plains were largely passed over by systems this week, while eastern Oklahoma and north-central Texas saw the most precipitation. A frontal boundary will get active again Friday night through early Sunday, mostly across eastern Texas. Drier weather continues across the west and drought is still building ahead of spring. Wheat conditions continue to be poor going into March.

WAVES OF SHOWERS RETURN TO PACIFIC NORTHWEST

Drought continues to be a concern going into spring in the Pacific Northwest. Periods of showers will move through the region next week with a larger storm system likely late next week that could provide some relief.

NORTHERN PLAINS TURNING MILD

Temperatures in the Northern Plains will be moderating some over the weekend but not going up above normal until next week. Colder temperatures will return late next week or weekend with another trough of low pressure that could bring some significant precipitation as well.

SCATTERED SHOWERS FOR SOUTHERN BRAZIL

Showers are becoming isolated across central and northern Brazil, benefiting fieldwork. Farther south, showers will be more scattered for the next week, which should help any remaining immature soybeans and safrinha corn. The effect may be limited though as dryness follows behind this period of showers.

SCATTERED SHOWERS FOR ARGENTINA

Scattered showers that have moved through Argentina this week have had some benefit to late-planted corn and soybeans. There is a stalled front in the country toward the north that should remain active going into next week. Precipitation amounts could be heavy in spots, which would be beneficial, but rainfall amounts are so far behind that the effect may be only localized.

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

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