Market Impact Weather

Improving Argentina Trend

Bryce Anderson , DTN Ag Meteorologist and DTN Analyst

OMAHA (DTN) -- Rain for northeast Brazil, and an improving trend in Argentina, are the key weather items for the commodity trade's attention Thursday.

FAVORABLE MIDWEST PATTERN

The DTN ag weather forecast calls for a short round of cold conditions in the northern and western Midwest during the next week. Otherwise, the pattern will be favorable for livestock and transportation.

VARIABLE SOUTHERN PLAINS CONDITIONS

In the Southern Plains, recent moderate to heavy precipitation has recharged soil moisture in central and eastern Kansas. However, southwestern Kansas through central Oklahoma remain dry. Additional moisture will be needed when wheat goes into its latter phases. The next week offers a generally-dry trend.

BRIEF NORTHERN PLAINS CHILL

In the Morthern Plains, a round of snow with a brief cold snap are indicated for early next week. Otherwise, there are no significant concerns during the next week.

RAIN FOR NORTHEAST BRAZIL

Northern and northeastern Brazil have chances for heavy rains during the next 10 to 14 days. This offers soil moisture improvement for crops, but may bring about some harvest disruptions in portions of Mato Grosso. Southern Brazil is drier and more favorable for harvest.

IMPROVING ARGENTINA TREND

In Argentina, a turn to more seasonal temperatures and an increase in showers for the central growing belt during this week should help maintain current yield prospects for corn and soybeans. It also appears that the worst of the hot and dry pattern in La Pampa and in western Buenos Aires may be over. While hot days are still possible, the rain chances have increased, especially for the west Buenos Aires area.

BENEFICIAL RUSSIA SNOW COVER

Continued favorable winter conditions are in place over Russia and Ukraine. Winter crop areas from central and northern Ukraine into central

Russia remain covered by 10 to 60 centimeters (4 to 23 inches) of snow.

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

(ES)