Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- Several storm systems moving through the U.S. and limited rain in Argentina -- but better amounts in southern Brazil -- are the weather factors driving the markets Monday.

MIDWEST WITH SEVERAL PRECIPITATION CHANCES

An upper-level low brought widespread precipitation to the Midwest over the weekend, except in the northwest which stayed dry. Temperatures were mild despite the rain. Another front will move through Tuesday and Wednesday with widespread precipitation. This time, a band of moderate snow is expected to fall in the northwest and be followed by colder air and breezy winds. Temperatures rebound for the weekend only to be put back down next week as another system moves through with more precipitation.

SYSTEMS MOSTLY MISSING CENTRAL AND SOUTHERN PLAINS DROUGHT

An upper-level low brought widespread moderate rainfall to much of the Southern Plains Friday and Saturday, but missed most of western Kansas, Colorado, and Nebraska, where drought remains very concerning. A cold front will move through the region Monday and Tuesday but should largely be dry outside of a band of moderate snow in Nebraska. Temperatures will fluctuate wildly throughout the week as cold air behind the front will be replaced with very warm air going into the weekend. Another cold front or two moving through this weekend and next week will bring a return to cold air. Precipitation is likely to stay to the south.

NORTHERN PLAINS ON THE COLDER SIDE

It was mostly dry and warm in the Northern Plains over the weekend. A system moving through southern Canada is pushing a cold front through the region though and colder air will be more likely to move through than warmer air for the next few weeks, as bursts come down from Canada on occasion. A system will likely bring a round of snow through the region Friday into Saturday, which may be moderate.

RIVER LEVELS BOUNCING ON LOWER MISSISSIPPI

Scattered showers moved through the Delta over the weekend. The region is staying active with several fronts moving through. Scattered showers accompany the fronts, but are also falling farther north, which will add water to the river system. A boost in water levels is forecast for later this week and weekend before falling again next week. However, if the pattern can stay active, forecasts are likely to keep bouncing around.

WIDESPREAD SHOWERS IN BRAZIL

Scattered showers will continue in central and northern Brazil as is typical for this time of year. Southern Brazil will see isolated showers fill back in this week but will be spotty. A front will come into southern Brazil on Friday and stall, allowing for more precipitation to accumulate, which would reverse the recent trend of below-normal rainfall at a crucial time for full-season corn that is nearing pollination.

BRIEF SHOWERS IN ARGENTINA

It was mostly dry in Argentina over the weekend with some isolated showers far south. Isolated showers will briefly fill back in across the country but will be pushed out by a cold front on Thursday. Drier conditions follow going into next week. Dryness and drought continue to be concerns until showers become more consistent.

DRIER IN AUSTRALIA

Recent heavy rains in eastern Australia have caused quality concerns for winter wheat and canola over the winter and spring but have also led to forecasts for record yields. Some showers will move through Queensland in a couple of shots this week, but most areas will be drier, helping to reduce soil moisture and improve quality.

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

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