Market Impact Weather

More Argentina Dryness

Elaine Shein
By  Elaine Shein , DTN/Progressive Farmer Associate Content Manager
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OMAHA (DTN)— The tight grip of drought in Argentina, and minimal precipitation for the Southern Plains, are the key weather items for the commodity trade's attention Monday.

DAMAGING ARGENTINA DROUGHT

The DTN ag weather forecast calls for continued dryness in Argentina's primary row crop areas during this week. Crop projections are sharply lower than earlier-season totals due to this exhausting dry trend. Comparisons to the harsh drought of 2008-09 are increasing.

MORE CENTRAL BRAZIL RAIN

Across Brazil, wet conditions continuing in Mato Grosso will cause delays to harvesting soybeans and planting second-crop corn. This is somewhat unfavorable for development of corn and any late-maturing soybeans; however, the moisture has benefited previously dry areas of eastern Mato Grosso. Conditions are drier in southern Brazil, and are mostly favorable for filling, maturing and early harvesting of soybeans.

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DRY DOMINANCE IN SOUTHERN PLAINS

In the Southern Plains, the dry pattern is expected to continue during the next 10 days. More rain will be needed to support the wheat crop when it breaks dormancy. Large acreage abandonment due to drought damage is possible. Episodes of cold weather will provide additional stress to a crop already experiencing dryness.

NEW STORM FOR EASTERN MIDWEST

In the Midwest, a new strong storm is expected to affect the central and eastern sectors later Wednesday and Thursday. Transportation issues are likely from central and eastern Iowa through Wisconsin and Michigan due to snow and ice. Meanwhile, a new round of flooding issues is in store over southern and eastern areas due to moderate to heavy rain.

HARSH COLD IN EUROPE

A bitter cold wave is covering Europe. Ukraine and west Russia turned sharply colder late last week and during the weekend. Winter grain damage was likely minimal due to adequate snow cover. Farther west, however, well-below-normal cold is now over Germany, France and England. Temperatures are projected at 10F to 17F below normal for a few days' time. This does not appear to be cold enough to harm winter wheat, though it will bear watching. The cold wave may have more of an impact on unprotected winter rapeseed.

MIXED SOUTH AFRICA TREND

In South Africa, recent scattered thundershower activity will mostly favor reproductive to filling row crops in the region. Wet conditions in eastern areas of the region may be somewhat unfavorable for late-filling or early-maturing crops. Meanwhile, chronic drought in the west is threatening wheat production. Cape Town faces a complete shutdown of its water supply in the next three months due to reservoir dryness.

Bryce Anderson can be reached at bryce.anderson@dtn.com

Follow Bryce Anderson on Twitter @BAndersonDTN

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Elaine Shein

Elaine Shein
Connect with Elaine: