Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- Additional rain for the Plains and Canadian Prairies and a drier Brazil are the weather factors driving the markets Monday.

MIDWEST RATHER DRY THIS WEEK

A front went through the Midwest with scattered showers Saturday, leaving the region drier by Sunday. Drier conditions are expected for most of the week, which will help those with planting yet to do. Western areas may start to see showers bleeding eastward from the Plains over the weekend and could start to see some farther east next week as well. If showers disappoint, it will start to get dry again in some areas across the eastern Midwest, which may be concerning.

MORE RAIN FOR CENTRAL AND SOUTHERN PLAINS

Scattered showers went through some of the driest areas of the Central and Southern Plains late last week. More isolated showers will pop up throughout the week in the High Plains, spreading eastward at times. The rainfall may help to further reduce drought in some areas and is beneficial for developing summer crops and forages.

SHOWERS AGAIN FOR NORTHERN PLAINS

It was quiet in the Northern Plains over the weekend, allowing for field drainage of some wet areas to get more planting done. Isolated to scattered showers will develop this week, increasing by late week. Waves of showers are forecast to continue next week as well. Rain will be good for seed in the ground but may make it more difficult for those yet to plant to get done on time.

DELTA MUCH DRIER

Scattered showers moved through the Delta on Saturday. Wetter soils in the region are mostly favorable for developing crops. Drier conditions have developed and are likely to continue for the next week. Shower potential returns next week, but is not a large chance. Overall conditions continue to be good across the region for developing crops for now.

WIDESPREAD RAIN FOR CANADIAN PRAIRIES

Drier conditions in the Canadian Prairies last week allowed for some good seeding progress in the region. Widespread scattered showers are forecast this week, hitting most areas with at least some decent rainfall. Northern Alberta may receive some heavy rainfall early this week. Periods of showers may continue into next week as well, which may slow down seeding progress, but benefit soil moisture and drought reduction.

DRY FOR BRAZILIAN CORN THIS WEEK

Limited showers moved into southern Brazil over the weekend, hitting some wheat areas but not much of the safrinha corn areas in the south. Dry conditions are expected for most of the week. However, a front will move into southern areas this weekend and may progress in central safrinha corn areas next week. Any rain would be beneficial for corn and wheat. Temperatures remain warm this week but may become very chilly behind the front moving through next week. Will have to watch the temperature forecast closely if some frosts may develop.

SHOWERS CONTINUING IN ARGENTINA

Scattered showers went through Argentina over the weekend, favorable for increasing soil moisture for wheat. A few more fronts will move through this week with additional showers. Temperatures will fall below normal next week, which may produce frosts and freezes, limiting growth for wheat.

GOOD WEATHER FOR MOST OF EUROPE

A cutoff low brought showers near the Mediterranean coast over the weekend, including in drought-stricken Spain. While the showers were welcome, they were isolated and had little impact on the ongoing drought. However, the showers will continue near the Mediterranean throughout the week and maybe most consistently near Spain. Other areas are getting a chance to dry out and find some sun this week, favorable for crop development.

GOOD WEATHER FOR THE BLACK SEA

An upper low over the Black Sea and a couple of fronts in the region will provide scattered showers for the region through next week, especially over wheat areas in eastern Ukraine. Soil moisture and warm temperatures are mostly favorable for crop development.

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

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