Market Impact Weather

OMAHA (DTN) -- Widespread favorable conditions in Brazil and weekend rain benefiting southern Argentina are the key weather items for the commodity trade's attention Monday.

MOSTLY FAVORABLE MIDWEST MOISTURE

The DTN ag weather forecast calls for light to moderate rain in the Midwest during this week, with some periods of light snow included in the precipitation. Soil moisture has been recharged this winter after drought conditions in southern areas last fall.

NEW SOUTHERN PLAINS RAIN CHANCE

In the Southern Plains, mostly favorable soil moisture is in place for wheat when the crop breaks dormancy in the spring due to heavy rains in early January. This will help mitigate the impact of dry weather this past fall and some very cold weather earlier in the winter. Additional rain is indicated in the forecast during the next ten days.

MILD FOR NORTHERN PLAINS

In the Northern Plains, there are no significant concerns during this week.

GENERALLY FAVORABLE BRAZIL PATTERN

Across Brazil, generally favorable conditions for maturing and harvesting soybeans and planting second-crop corn in central Brazil are in effect. Favorable conditions are also noted for filling and maturing soybeans in southern Brazil. Drought has been a feature in the northeast growing areas; however, improving showers offer some better crop prospects.

SOUTHERN ARGENTINA RAIN

In Argentina, mostly beneficial rains for developing and filling corn and soybeans in the major growing areas of central Argentina have been noted. Some flooding occurred during the past weekend, but is not expected to be widespread. Meanwhile, heavy rains in the southern double-crop soybean areas will benefit following drought conditions this growing season.

FAVORABLE RUSSIA SNOW COVER

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

BENEFICIAL SOUTH AFRICA TREND

South Africa crops continue to benefit from periodic scattered thunderstorms and no lasting heat.

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

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