Commodities Market Impact Weather

Thanksgiving Storm Possible

John Baranick
By  John Baranick , DTN Meteorologist

MINNEAPOLIS (DTN) -- Near-normal temperatures in the U.S. and another stretch of dryness in southern South America are the weather factors driving the markets Monday.

THANKSGIVING STORM POSSIBLE FOR MIDWEST

Cold air and heavy lake-effect snows in the Midwest over the weekend brought a winter feel to a mid-November weekend. Temperatures will moderate this week, but a storm system should spread scattered showers Thursday and Friday, which may include some snow in spots.

MODERATING TEMPERATRES IN CENTRAL AND SOUTHERN PLAINS

Outside of some light snow over southern areas Friday night into Saturday, the Central and Southern Plains were dry and cold over the weekend. Temperatures will moderate this week and most areas will even go above normal by the end of the week. But very little precipitation is expected for the next week as drought conditions continue to be the focus through the winter for early spring.

WARMING FOR NORTHERN PLAINS

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Some light snow moved through the Northern Plains on Saturday, but most areas were dry and cold. Temperatures are going to moderate this week and even go above normal, though snowpack could keep them down a bit in North Dakota. Very little precipitation is expected this week.

RIVER LEVELS FALLING ON LOWER MISSISSIPPI

It was dry and cold in the Delta region over the weekend. Recent precipitation to the north has improved water levels on the Mississippi River, but that is only temporary as the water levels will fall throughout the week and likely next week as well. A front may produce some isolated showers on Thursday.

BRIEF SHOWERS FOR SOUTHERN BRAZIL

Scattered showers moved back into central Brazil with more coverage over the weekend. Showers will continue there as is typical for this time of year. Southern areas stayed dry but a cold front coming through Monday and Tuesday will bring another round of rain. The rain will move out but could fill back in over the weekend or early next week. Precipitation has been below normal for the last month. Good rains earlier in the spring have set corn and soybeans in mostly good shape to start the season, but soil moisture is starting to fall across the south and concerns are growing about increasing dryness where rains are disappointing as early-planted crops are getting closer to pollinating stages.

ARGENTINA DRY AGAIN

Isolated showers moved through Argentina this weekend, but did hit areas that were missed last weekend. Soil moisture is still not favorable and dryness is expected for the next week. The dryness and drought continue to be concerns until showers become more consistent.

SHOWERS CONTINUING IN THE BLACK SEA

Scattered showers moved through the Black Sea region over the weekend and continue in a few bursts this week as well. Soil moisture is mostly good for wheat before it goes dormant over the next couple of weeks. Prospects are high for a good crop depending on how much was able to be planted this fall.

AUSTRALIA DRYING OUT

Scattered showers went through southeastern Australia over the weekend, but most areas stayed dry and showers were more limited than forecast. Recent heavy rains in the east have caused quality concerns for winter wheat and canola over the winter and spring, but have also led to forecasts for record yields. Drier weather over the next week should help crops dry out for harvest, which is starting to pick up.

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

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John Baranick