Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- Rising temperatures in the U.S., recent rainfall in Argentina, and some breaks in rain for parts of Brazil are the weather factors driving the markets Wednesday.

COLD FOR A COUPLE MORE DAYS IN MIDWEST

It will be drier and cold in the Midwest for the rest of the week, 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. Another system will move through early to mid-next week, but temperatures behind the system will continue to be mild.

TEMPERATURES RISING IN CENTRAL AND SOUTHERN PLAINS

Temperatures will be rising in the Central and Southern Plains 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.

ONE MORE SHOT OF COLD FOR NORTHERN PLAINS AND CANADIAN PRAIRIES

Very cold air in the Northern Plains and Canadian Prairies will be replaced by some warmer air in the next couple of days. Above-normal temperatures forecast for the following week will reduce stress on livestock.

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. 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. Rains become heavier again next week, which will set the table for more delays. The far southern state of Rio Grande do Sul remains mostly dry, however, with only limited chances for rain as a front moves through Thursday and Friday.

ANOTHER FRONT BRINGING SHOWERS FOR ARGENTINA, THEN DRIER

A front will pass through Argentina with scattered showers through Thursday, 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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