Market Impact Weather

OMAHA (DTN) -- Beneficial rain indicated for northeastern Brazil, and showers in store over southern Argentina, are the key weather items for the commodity trade's attention Friday.

MILD MIDWEST PATTERN

The DTN ag weather forecast calls for a mild pattern in the Midwest through the weekend and next week. Soil moisture has been recharged this winter after drought conditions in southern areas last fall.

FAVORABLE SOUTHERN PLAINS MOISTURE

In the Southern Plains, moderate to heavy rain during the past 30 days has significantly improved soil moisture prospects for wheat, hay and pastures this year. Short-term dryness still remains in effect in much of Oklahoma.

WEEKEND CHILL FOR NORTHERN PLAINS

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

NORTHEASTERN BRAZIL SHOWERS

Northeastern Brazil has moderate to locally heavy rain indicated during the next five days. This will improve soil moisture for crops. Elsewhere in Brazil, favorable conditions are in place for maturing and harvesting soybeans in central and southern areas, along with planting the winter corn (safrinha) crop.

SOUTHERN ARGENTINA RAIN

In Argentina, beneficial rains for developing corn and soybeans over the weekend are indicated. This includes the double-crop soybean areas in the south which have been dry.

WIDESPREAD RUSSIA SNOW COVER

Russia and Ukraine have snow cover over almost the entire wheat growing areas. This is favorable for reducing the potential damage from cold snaps.

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

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