Market Impact Weather
Limited Rains for Argentina
OMAHA (DTN) -- Continued dryness in Argentina, limited rain for the Southern Plains, and more rains in central Brazil are the key weather items for the commodity trade's attention Tuesday.
DAMAGING ARGENTINA DRYNESS
The DTN ag weather forecast calls for mostly dry weather in the major corn and soybean areas of Argentina to continue to stress filling corn and soybeans with crop losses occurring. Showers may occur at some point within the seven-day period, but probably not enough to reverse the extended drying trend.
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.
MIDWEST SNOWSTORM SHIFTS EAST
In the Midwest, the highest risk for heavy snow to occur appears to have shifted east somewhat during the past 24 hours. This puts southeast Wisconsin and Michigan under the risk for significant snow and transport delays and lessens the risk in Iowa. However, some snow may still occur in eastern Iowa for a time.
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 10 to 17 degrees Fahrenheit below normal for a few days. 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.
WARMER, DRIER FOR SOUTH AFRICA
In South Africa, recent scattered thundershowers 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; flooding may have occurred with some of the heavier storms. The region looks to be somewhat warmer and drier during the coming days.
Elaine Shein can be reached at elaine.shein@dtn.com
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