Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- Cold temperatures east of the Rockies and increasing rain for Argentina and central Brazil are the weather factors driving the markets Tuesday.

COLD, SOME SNOW FOR MIDWEST

Rounds of showers went through the Midwest last weekend, including some snow in the northwest and heavier rain across the south and east. Recent good rainfall should help to ease drought on a widespread basis but it is delaying the 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 continue through the region on Tuesday. Temperatures will moderate this weekend, but the pattern will stay active with additional showers possible this weekend and next week at times.

COLD CONTINUES 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 which should help to ease the drought. Cold temperatures will make for widespread frosts and freezes for the next few days, slowing the growth of winter wheat.

LINGERING COLD, OCCASIONAL SHOWERS FOR NORTHERN PLAINS

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

FROSTS AND FREEZES FOR DELTA

Periods of showers occurred in the Delta this weekend into Monday, including some heavier-than-expected rain across northern areas that should help with water levels on the Mississippi River. Cold air filling into the region this week will produce widespread frosts and freezes for the next few mornings. The chance for precipitation increases again next week as a system may move through with some showers.

INCREASING RAIN FOR CENTRAL BRAZIL

Several systems moving through southern Brazil this week will produce heavy precipitation, which will continue to create problems with flooding and limit developing corn and soybeans as well as damaging remaining wheat. Southern areas will catch a dry spell this weekend into early next week, but it may be short with more showers moving through mid-late next week. 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 that increased over the weekend in Argentina continue through Thursday, favoring remaining filling winter wheat and developing corn as well as producing better soil moisture for early soybean planting. However, colder temperatures are also moving in with the rain, which may produce some limited frosts over southern areas throughout the week. After a break this weekend, showers should move through with another system next week.

MORE SYSTEMS MOVING THROUGH EUROPE

Wave after wave of precipitation will continue to move through Europe 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 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

Some isolated showers went through southeastern Australia on Sunday and Monday. Otherwise, it is dry over most of the country for most of the week, which will favor the harvest of winter wheat and canola but not the planting or establishment of cotton and sorghum. Some showers may develop over eastern areas Friday into next week as the pattern gives these areas potential for some scattered showers, but precipitation deficits remain large.

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

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