Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- Drought expansion in the Midwest, more rain for the Plains and Canadian Prairies, and a return to dryness for Brazilian corn are the weather factors driving the markets Thursday.

DROUGHT EXPANDING INTO MIDWEST

Temperatures continue to be above normal in the Midwest for the next several days while chances for showers are fairly limited. Showers will be around throughout the week, though, and will help stave off dryness where they hit. But dryness has expanded significantly across the region according to the Drought Monitor. A couple of fronts will go through next week with chances for showers, though models are uncertain as to the extent of these showers. There is some concern over young plants, but drought is not deep or forecast to spread to too many areas just yet.

DROUGHT REDUCTION CONTINUES FOR CENTRAL AND SOUTHERN PLAINS

Showers and thunderstorms continue to develop in clusters across the Central and Southern Plains going through most of next week, though not all areas are getting hit with showers. Those that do are under threat of flooding, especially the Texas Panhandle. If eastern areas continue to miss out, then drought may worsen there. But overall, drought reduction is occurring in the region.

CONTINUED SHOWERS FOR NORTHERN PLAINS

Widespread showers continue in the Northern Plains throughout the weekend. The coverage and intensity may decrease next week, but most areas are seeing at least some rainfall to keep crop conditions favorable.

LIMITED RAINFALL FOR THE DELTA

Soil moisture has been dropping in the Delta, though is still in fair condition across most of the region. Showers will continue to be limited for the next week and may be a concern if the drier pattern continues deeper into June.

AREAS OF RAIN FOR CANADIAN PRAIRIES

In the Canadian Prairies, scattered showers have been very sporadic on where they have been hitting over the last week but continue in the region going through next week. Coverage of showers will be different each day. Temperatures remain above normal, but not extremely so.

BRAZIL CORN DRYING OUT AGAIN

A front brought some showers into south-central Brazil's safrinha corn areas this week, but dryness is replacing it through next week. The showers should have been beneficial, however.

MORE SHOWERS COMING FOR ARGENTINA

More showers are expected to come to Argentina in waves Friday into next week, increasing soil moisture in the country's primary growing areas and favoring winter wheat establishment.

SHOWERS CONTINUE AROUND THE MEDITERRANEAN

Showers continue near the Mediterranean for the next week. Showers have been the most consistent near Spain, which has seen some favorable showers over the last couple of weeks but is still in deep drought. Other areas have had some favorable dryness to allow for soil drainage and accelerated crop development. Areas to the north could use some more showers now though, as it has been drier for the last couple of weeks.

MOSTLY FAVORABLE WEATHER FOR THE BLACK SEA

A front will move through the Black Sea region Friday into the weekend with scattered showers. Recent rainfall has been good for most of the region. Eastern Ukraine has had the most favorable rainfall but much of the region has good soil moisture at the moment. Far eastern areas are drier and could use more rain.

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

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