Commodities Market Impact Weather

MINNEAPOLIS (DTN) --- An active storm track through the U.S., heat and dryness in Argentina, and better rainfall in Brazil are the weather factors driving the markets Friday.

MIDWEST STAYING ACTIVE

Warmer temperatures are spreading through the Midwest on Friday, only to be put back down with another front moving through. The front should produce some light precipitation. Another system will move through early next week as a clipper with more scattered showers.

SYSTEMS MOSTLY MISSING CENTRAL AND SOUTHERN PLAINS DROUGHT

Temperatures continue to fluctuate wildly for the next week as very warm air will fall again behind a front Friday. Strong winds are accompanying both sides of the front. Another pop up and down will come through over the following few days as another cold front moves through early next week. That front will likely settle down into Texas with some showers for southern areas next week. Drought areas in the west are likely to be missed, however.

NORTHERN PLAINS STAYING COLDER

Bursts of cold air are coming down in the Northern Plains from Canada over the next couple of weeks. A system is bringing a round of snow through the region Friday, which may be moderate in spots. Some occasional light snow is forecast through most of next week.

RIVER LEVELS BOUNCING ON LOWER MISSISSIPPI

The Delta region is staying active over the next ten days 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 this weekend and next week with levels bouncing around as precipitation continues to add to the system. Widespread improvements are not anticipated, however, as much of the watershed remains in drought.

WIDESPREAD SHOWERS IN BRAZIL

Scattered showers will continue in central and northern Brazil as is typical for this time of year. A front is moving into southern Brazil on Friday and will stall, allowing for more precipitation to accumulate going into next week, which would reverse the recent trend of below-normal rainfall at a crucial time for full-season corn that is nearing pollination. It will be briefer for the state of Rio Grande do Sul, however, and showers go more isolated for this part of the region by the middle of next week.

HEAT WAVE COMING FOR DRY ARGENTINA

Isolated showers were pushed out of Argentina by a cold front Thursday. Drier conditions follow going into next week along with a return of extreme heat. Showers may return in isolated fashion later next week. Dryness and drought continue to be concerns for all crops 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 moved through Queensland in a couple of shots this week, but most areas have been drier, helping to reduce soil moisture and improve quality.

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

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