DTN Market Impact Weather
Improving Harvest Trend
OMAHA (DTN) -- An improving harvest trend in the Midwest and limited frost damage to China soybeans are the key weather items for the commodity trade's attention Tuesday.
DRIER FOR MIDWEST
The DTN ag weather forecast calls for Midwest conditions to remain drier with seasonal to above-normal temperatures during the balance of this week. This mild and dry trend will favor maturing and early harvesting of corn and soybeans. Harvest progress in wettest areas will still be delayed. Shower and thunderstorm prospects increase in the region during the seven- to 10-day time frame.
FAVORABLE SOUTHERN PLAINS MOISTURE
Southern Plains areas have a much-improved soil moisture supply for winter wheat planting and fall pasture due to recent rains.
FAVORABLE IN NORTHERN PLAINS
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The Northern Plains continue with mostly favorable conditions for finishing spring wheat harvest and beginning row-crop harvest activity.
DRIER FOR DELTA
Delta crop areas have improved harvest conditions due to a drier trend this week, after heavy Tropical Storm Gordon-related rains last week. This should help improve conditions for mature crops and crop harvest.
HURRICANE FLORENCE CATEGORY FOUR
Hurricane Florence is a Category Four hurricane, still threatening to cause extreme rain, wind and storm surge damage in the mid-Atlantic region later this week. Extensive crop damage is likely to corn, soybeans, cotton and peanuts in addition to population safety hazards.
PRAIRIES RAIN FORECAST
The Canadian Prairies will see periods of showers during the next week. Showers improve moisture for planting winter grains.
DROUGHT DAMAGE IN AUSTRALIA
Major wheat areas of eastern Australia will be dry this week. Wheat production is likely to show a further decline, with the potential of totaling under 20 million metric tons, more than 10% below last year's production and 40% less than the total two years ago. Western Australia has a better chance of showers.
LIGHT CHINA FROST
Early-week temperatures in portions of northeastern China brought some frost damage potential to soybeans. The damage threat appears to be limited. The pattern turns milder the rest of this week.
Bryce Anderson can be reached at bryce.anderson@dtn.com
Follow Bryce on Twitter @BAndersonDTN
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