Commodities Market Impact Weather
Quieter Tuesday Before Stronger Storm Moves Through
MINNEAPOLIS (DTN) -- Active weather in the U.S., slow snowmelt in the Northern Plains, and isolated rains in central Brazil are the weather factors driving the markets Tuesday.
MIDWEST TO SEE ANOTHER STRONG STORM THIS WEEK
A couple of little systems and disturbances will bring some areas of showers through the Midwest over the next few days, followed by another stronger storm for the end of the week. Another round of heavy precipitation, strong winds, and a band of snow across the north is expected as we turn the calendar to April. The wetter conditions across a lot of the region are causing a slow start to fieldwork.
CENTRAL AND SOUTHERN PLAINS WITH LIMITED SHOWERS
A couple of frosty mornings have occurred in the Central and Southern Plains early this week, with temperatures below freezing down into the Texas Panhandle. This week will feature a larger storm that builds for late Thursday into Friday. Northern and eastern areas again look to have the best chance for precipitation while strong winds develop elsewhere, sapping soil moisture. The outlook for the southwestern Plains remains grim.
SNOWPACK SLOW TO MELT IN NORTHERN PLAINS AND CANADIAN PRAIRIES
Some occasional bands of snow will move through the Canadian Prairies and Northern Plains this week, with some additions to the snowpack in South Dakota later this week. Cold temperatures will limit melting for yet another week and the risk of significant flooding is increasing for when temperatures turn higher, perhaps abruptly.
WET CONDITIONS CONTINUE IN DELTA
A stalled front brought heavier showers to southern areas of the Delta over the weekend and continues Tuesday. The region will get a few dry days before more showers come through with a stronger system Friday into Saturday. The frequent precipitation is keeping fields wet and fieldwork slow.
SHOWERS NOW ISOLATED FOR CENTRAL BRAZIL
Wet season showers have become isolated through central Brazil and are forecast to remain that way through April, leaving some concern for enough available soil moisture for developing safrinha corn. Systems moving through Argentina will bring showers into southern Brazil, however, which may enhance showers there at times.
MORE RAIN IN ARGENTINA
Last week's heavy rains in Argentina were not enough to turn conditions around for corn and soybeans that have been severely damaged by heat and dryness this season. The end of March continues to be active with several more fronts moving through with more showers going into April as well. Temperatures look to waffle a bit more as it starts to come to fall harvest time.
SPAIN, ITALY IN NEED OF MORE RAIN
An active weather pattern continues to bring widespread showers through most of Europe. Spain and Italy will miss out on more of the precipitation, which it needs as it has been much drier over the last few months. After a warm start to spring in March, temperatures are trending below normal as we move into April, which may cause some cooler morning temperatures and localized frosts, along with slower development of winter grains.
GOOD GROWING CONDITIONS CONTINUE FOR BLACK SEA
Periods of showers will move through the Black Sea region going into next week, but also some cooler temperatures, which may slow development of winter grains. Overall, though, growing conditions are mostly favorable.
John Baranick can be reached at john.baranick@dtn.com
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