Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- An active storm track through the U.S., a heatwave in Argentina, and some better rainfall in central Brazil are the weather factors driving the markets Monday.

PERIODS OF SHOWERS FOR MIDWEST

Outside of some isolated showers across the northern Midwest, it was mostly dry this weekend. A front just off to the south and a clipper or two moving through may bring some isolated showers to the region through Wednesday. A system will push through on Thursday and Friday with more consistent and widespread precipitation, especially south. Temperatures may be a little more on the mild side until another system comes through this weekend.

MIDWEEK PRECIPITATION FOR CENTRAL AND SOUTHERN PLAINS

Northern areas of the Central and Southern Plains were dry but a front brought some scattered showers to southern areas this weekend. Showers missed the drought areas from the Texas Panhandle northward, however. Some isolated showers will pass through eastern areas early this week, but a system will form in Texas on Wednesday night and push northeast on Thursday. Precipitation will be most likely over eastern areas but cannot rule out some showers for the drought areas in the west.

ONLY LIGHT SNOW FOR NORTHERN PLAINS

It was mostly dry in the Northern Plains over the weekend as warmer air briefly moved into the region Sunday. A front will bring another push of cold air Monday and some light snow will drift through the region through Wednesday. Near-to-below normal temperatures will be in the region for the next week and may drop behind a cold front moving through this weekend.

RIVER LEVELS STAYING HIGHER ON LOWER MISSISSIPPI

River levels on the Lower Mississippi River are rising this week for most areas but will be on a general downtrend next week unless precipitation is heavier than forecast. There will be some decent precipitation in the Delta region this week, which could hold off the downturn next week.

SHOWERS EXITING SOUTHERN BRAZIL

Scattered showers will continue in central and northern Brazil as is typical for this time of year. A front stalled over southern areas this weekend with decent precipitation, but it was not as heavy as expected. Southern areas will dry out over the next few days with only periodic showers through the weekend and early next week. Corn in the far south may be seeing some stress developing as temperatures increase this week. Soybeans are generally in good condition across the country.

HEATWAVE FOR ARGENTINA

Showers will return in isolated fashion to Argentina this week, but very high temperatures will cause further stress and potential damage to developing corn and soybeans. Planting is also very delayed, and this week will not promote much progress. Models do bring through a couple of cold fronts this weekend with more showers and will push out the high temperatures for next week. The showers that come with the fronts are not expected to be widely scattered or heavy. Overall, conditions continue to be poor for corn and soybeans until precipitation becomes more consistent.

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

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