Commodities Market Impact Weather

Front Moving Through Argentina

John Baranick
By  John Baranick , DTN Meteorologist

MINNEAPOLIS (DTN) -- A warm and somewhat active pattern in the U.S. and a front bringing showers and lower temperatures in Argentina are the weather factors driving the markets Wednesday.

SEVERAL DAYS OF PRECIPITATION FOR MIDWEST

Two quick-hitting systems will bring more showers to the Midwest in rapid succession over the next few days with heavier precipitation across the east. Two more systems move through next week with more precipitation. Temperatures remain above normal for this time of year.

LIMITED SHOWERS FOR CENTRAL AND SOUTHERN PLAINS

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A weak system will bring showers through the Central Plains Wednesday into early Thursday, though will likely miss the Southern Plains and drought areas in the west with any of the meaningful showers. A similar situation should occur with a system early next week, but a system that moves through mid- to late-next week at least has some potential to bring more widespread precipitation. That one will be closely monitored. Temperatures will remain warm for January outside of the snowpack across the north.

NORTHERN PLAINS AND CANADIAN PRAIRIES STAYING MILD

The pattern remains relatively dry going into next week across the Northern Plains. The same is true in the Canadian Prairies outside of a chance for mixed precipitation this weekend. Temperatures continue to be above normal for this time of year, reducing stress and feed requirements for livestock.

LOWER MISSISSIPPI WATER LEVELS STAYING ELEVATED

Recent precipitation has been able to bring a boost to water levels on the Lower Mississippi River. Another system will move through later this week, followed by two more storm systems next week, which should keep levels from falling too much. As long as systems continue to run across the Mississippi and Ohio watersheds, levels should remain in good position.

SOUTHERN BRAZIL TO SEE BETTER RAINS

A front will move through southern Brazil with scattered showers Thursday and Friday. Showers may linger next week, though that is more likely to be in Parana and points north, with drier conditions across Rio Grande do Sul. Showers have been disappointing across the south, which is causing concerns for reproductive to filling corn and soybeans. Otherwise, conditions over central and northern Brazil continue to be favorable for filling soybeans and for filling soils prior to corn planting.

FRONT MOVING THROUGH ARGENTINA

Heat and dryness in Argentina will finally be replaced by some lower temperatures behind a front moving through Wednesday and Thursday. That front will only bring isolated showers with it, unhelpful for developing corn and soybeans. Some models linger showers this weekend and next week, but that is not guaranteed to be helpful even if they occur due to recent drought and heat stress. The prospect for production is still low.

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

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John Baranick