Market Impact Weather

Argentina Rain Caution

Bryce Anderson , DTN Ag Meteorologist and DTN Analyst

OMAHA (DTN) -- Concern over the potential for late-season flooding in Argentina, and mixed rain impact in Brazil, are the key weather items for the commodity trade's attention Friday.

DRY WEEKEND FOR MIDWEST

The DTN ag weather forecast calls for dry conditions in the Midwest through the weekend. The weather will be warmer to much warmer, especially in southern and western areas. This combination is favorable for livestock and transportation. Portions of the central and southern Midwest are quite dry with below-normal precipitation totals since Oct. 1.

DRY AND WINDY IN SOUTHERN PLAINS

In the Southern Plains, a hot, dry and windy combination during the weekend will cause rapid evaporation of soil moisture in hard red winter wheat areas brought in by rainfall back in January. This trend places the crop in a situation of needing supplemental precipitation when the post-dormancy phases begin in Spring. Variable precipitation is indicated over the next week, mostly in southern sectors.

RAINY BRAZIL FORECAST

Brazil is on track to receive heavy rain in the northeast sector during the next five days. Some locally heavy rain is indicated for southern Brazil. Central areas will see periodic showers. Rain will be favorable for soil moisture; however, soybean harvest delays are possible with the frequent showers, cloudy skies and slow drying.

VARIABLE ARGENTINA RAIN

Argentina crop areas will see variable rainfall during the coming weekend. Far northern areas have heavy rain with flood threats. Lighter amounts are in store in the primary central crop areas, with very little indicated for the southern areas. The highest-producing central areas have now had more rain through the same point in the season than in 2016. There is caution over late-season flood risk in the central crop areas similar to the heavy rain that affected production a year ago.

WEEKEND RUSSIA COLD

Another cold outbreak is expanding over west Russia and moving south towards east Ukraine and south Russia. Reports suggest that snow cover will be adequate to protect the crop in most areas. However, southernmost locales have had some melting of snow, and may be vulnerable to partial cold damage.

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

(ES)