Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- Widespread showers in Argentina are too late to benefit the maturing corn and soybean crop, central Brazil continues to dodge showers while they try to make more progress on safrinha corn planting and soybean harvest. These are the weather factors driving the markets on Wednesday.

CLIPPER SYSTEMS PROVIDE SCATTERED SHOWERS TO THE MIDWEST

Snow cover will continue to diminish through the rest of the week with warmer temperatures in place. Several clippers will continue to pass through Wednesday-Friday, but with overall limited precipitation and potentially breezy conditions. Cooler temperatures will likely move through eastern areas behind a system this weekend. A larger system is forecast for the middle of next week that could provide a band of heavy snow, followed by milder air.

WARMER TEMPERATURES FOR THE CENTRAL AND SOUTHERN PLAINS

Showers will remain spotty throughout the region for the remainder of the week and temperatures will be on the warmer side. A small system will move into the region on Sunday with more potent showers across the south and a larger system is forecast for early-mid next week with more widespread showers. Temperatures will take a dive below normal later next week in the wake of the larger system, but the cold won't be as intense as the mid-February arctic blast.

NORTHERN PLAINS RELATIVELY WARM AND DRY

Temperatures remain on the warmer side into early next week. Even as clipper systems pass by the region through the rest of this week, precipitation will remain light, and most areas will remain on the drier side. A larger system from the West could provide more widespread showers early next week, but in the wake of this system, temperatures are likely to fall closer to average.

BREAK IN THE SHOWERS FOR THE LOWER MISSISSIPPI

After water levels crested in many spots this past weekend, water levels should start falling later this week and weekend, but barge traffic may still be slower with the flooding along the Ohio and Mississippi Rivers and their tributaries. The risk for heavier rain and thunderstorms returns through the first half of next week with a cool down expected afterwards.

CENTRAL BRAZIL DODGING SHOWERS INTO NEXT WEEK

Favorable weather the last couple of weeks have allowed producers to catch up to the normal pace for soybean harvest and safrinha corn planting in central Brazil. Some of the crop is deemed late planted, but it is typical for this time of year. However, the drier conditions that have allowed for the progress are also some stressful for the newly planted corn. Showers will be scattered into early next week, typical for this time of year, though areas in the east and south will have much lower coverage, unfavorable for any immature full-season crops or newly planted safrinha crops.

MULTIPLE ROUNDS OF SHOWERS CONTINUE IN ARGENTINA

A front has stalled out in southern areas, and this has led to heavy rainfall. The front gets pushed north on Thursday or Friday, wiping out the heat. Another system will move through this weekend with more widespread rain and leave a front over the country that looks to stay active next week. Hot and dry conditions in January and much of February have caused some damage for both corn and soybeans, though more favorable weather is forecast into early March.

RISK FOR WINTERKILL CONTINUES IN THE BLACK SEA

Below-average temperatures continue across the region through at least early next week. Areas near the Caucuses, which do not have much protective snow cover have been and continue to be at risk for winterkill. Snowfall continues to be limited, and it will be light and spotty into the upcoming weekend. Drought continues to be a major concern as the winter crop should be awakening from dormancy over the next several weeks in mostly poor condition in the east. More precipitation is needed, but the prospects are low.

Teresa Wells can be reached at teresa.wells@dtn.com

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