Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- Cold temperatures for most of the U.S. and increasing rain for Argentina and central Brazil are the weather factors driving the markets Monday.

COLD FOR MIDWEST

Rounds of showers went through the Midwest this weekend, including some snow in the northwest and heavier rain across the south and east. Recent good rainfalls should help to ease drought on a widespread basis, but are delaying remaining fieldwork. Cold temperatures will be in place for most of the week, with widespread frosts and freezes. In addition, a burst of light snow will move through with a disturbance early in the week. Temperatures will moderate this weekend, but the pattern will stay active with additional showers possible this weekend and next week at times.

COLD FOR CENTRAL AND SOUTHERN PLAINS

Scattered showers went through the Central and Southern Plains over the weekend, including accumulating light snow across the north. That included heavier rain in the southeast that should help ease drought. Cold temperatures filled into the region, which have led to widespread frosts and freezes that will continue for most of the week. Showers push out on Monday but are likely to return this weekend or next week to some degree, as the pattern stays active.

LINGERING COLD FOR NORTHERN PLAINS

Heavy snow that fell across the Northern Plains last week will take some time to melt and keep temperatures low through most of the week. The pattern will stay fairly active with occasional light showers, including some snow, for the next couple of weeks. The colder and wetter conditions will continue to make remaining fieldwork difficult to accomplish, especially north.

HEAVY RAIN IN NORTHERN DELTA

Periods of showers occurred this weekend in the Delta, including some heavier-than-expected rain across northern areas that should help with water levels on the Mississippi River. Showers will end Monday and cold air will fill into the region this week, producing widespread frosts and freezes.

INCREASING RAIN FOR CENTRAL BRAZIL

Heavy rain moved through southern and east-central Brazil over the weekend, unfavorable farther south, but very favorable farther northeast. The state of Mato Grosso and the surrounding areas did not see as much precipitation coverage or intensity, but showers still occurred, as is typical for this time of year. Several systems moving through southern areas this week will produce heavy precipitation, which will continue to create problems with flooding and limit developing corn and soybeans, as well as damage remaining wheat. Central areas will see improved precipitation, which will help with soybean planting and establishment in most areas, as well as keeping temperatures from getting too hot.

WIDESPREAD SHOWERS, COLD FOR ARGENTINA

Scattered showers went through Argentina over the weekend, including widespread moderate to heavy amounts in the south, favoring remaining filling winter wheat and developing corn as well as producing better soil moisture for early soybean planting, which will increase early in November. The pattern continues to be active this week with several rounds of showers moving through, markedly improving soil moisture in the country. However, colder temperatures are also moving in with the rain, which may produce some limited frosts over southern areas throughout the week.

MORE SYSTEMS MOVING THROUGH EUROPE

Widespread rain moved through Europe over the weekend, which was heavy in many locations, especially in France and Germany. Wave after wave of precipitation will continue to move through the continent through next week, keeping soil moisture high, but making fieldwork difficult. Temperatures will largely stay above normal for most of the continent for at least this week, with cooler temperatures moving into the west next week. Rain and mild temperatures will keep winter wheat from going dormant.

RAIN CHANCES CONTINUE FOR THE BLACK SEA

Scattered showers went through northern and eastern areas of the Black Sea region over the weekend, including over some of the driest areas of southwestern Russia that were desperate for rain. Active weather in Europe will make for occasional precipitation in the region for the next couple of weeks, which may help to keep enough soil moisture around for wheat to develop before going dormant in November. Warm temperatures over the next couple of weeks will promote growth as well.

AUSTRALIA MOSTLY DRY

It was mostly dry in Australia over the weekend, but some isolated showers did move through far southern areas. That continues for Monday as well. Otherwise, it is dry over most of the country, which will favor harvest of winter wheat and canola, but not planting or establishment of cotton and sorghum.

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

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