Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- Brief cold in the U.S., recent rainfall in Argentina, and some breaks for parts of Brazil are the weather factors driving the markets Tuesday.

BRIEFLY COLD FOR MIDWEST

It will be drier and cold for the rest of the week in the Midwest, with lake-effect snow late Thursday into Friday with another push of cold air. The cold will be brief though as warmer air will build back into the region over the weekend.

COLD BRIEF FOR CENTRAL AND SOUTHERN PLAINS

A cold front moved through the Central and Southern Plains over the weekend, bringing a round of cold air in. The cold will threaten livestock and exposed wheat for the next couple of days, but temperatures will be rising going into the weekend. Southern areas will see precipitation continuing through Thursday and will be cold enough for some freezing rain and snow accumulations in some areas. Drought areas in Oklahoma and Texas will see some precipitation, but not enough to turn the drought around in a meaningful way.

BRIEF, BUT INTENSE COLD FOR NORTHERN PLAINS AND CANADIAN PRAIRIES

Very cold air in the Northern Plains and Canadian Prairies will be replaced by some warmer air late week and weekend. Another round of cooler air will move into the region early next week but should be in-and-out as we move through February.

WATER LEVELS STILL HIGHER ON LOWER MISSISSIPPI

Recent precipitation has been able to keep water levels on the Lower Mississippi River from falling into dangerously low territory. The watershed has seen multiple rounds of precipitation moving through, which will keep river levels up this week. While the lower portion of the valley will continue to see rain throughout the week, drier and colder conditions farther north will limit water movement and we should see a decline in levels next week.

RAIN BREAKS FOR CENTRAL BRAZIL

Central and northern Brazil will continue to see showers throughout the week, but there should be some breaks to complete some soybean harvest and safrinha corn planting from Mato Grosso to Minas Gerais. Otherwise, showers are trying to keep the delays coming. The far southern state of Rio Grande do Sul remains mostly dry, however, with only limited chances for rain.

ANOTHER FRONT BRINGING SHOWERS FOR ARGENTINA, THEN DRIER

A front went through Argentina late last week with scattered showers and some very good amounts for the main growing area. There were many areas that received over an inch, but there were some areas that did not. Another front will pass through this week with scattered showers, but showers may again miss some key areas. The country's primary growing areas will be in a stretch of drier weather again until about mid-February when the next significant front moves through. That dryness may undo the beneficial effects from recent rainfall.

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

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