Market Impact Weather

OMAHA (DTN) -- A favorable crop pattern in Brazil, and improved conditions for Argentina crops, are the key weather items for the commodity trade's attention Thursday.

DRY ACROSS MIDWEST

The DTN ag weather forecast calls for dry conditions in the Midwest through the end of the week. Temperatures will be warmer to much warmer, especially in southern and western areas. This combination is favorable for livestock and transportation.

DRY FOR SOUTHERN PLAINS

In the Southern Plains, soil moisture for wheat is mostly favorable. However, a hot, dry and windy combination over the next several days will cause some rapid evaporation of the moisture and place the crop in a situation of needing supplemental precipitation when the post-dormancy phases begin in spring.

BENEFICIAL PATTERN IN BRAZIL

Brazil continues to see favorable conditions for maturing and harvesting soybeans and planting and developing second crop corn in central Brazil.

Favorable conditions are also in effect for filling and maturing soybeans in southern Brazil. Northeast areas have had drought issues; however, rain chances are high during the next week to ease dryness.

FAVORABLE ARGENTINA FORECAST

Argentina has mostly favorable conditions for central corn and soybean areas, with adequate to surplus soil moisture and no lasting heat. Concerns continue over losses due to earlier flooding in some sections. Dryness and heat early in the summer through southern growing areas may also have affected crop prospects but the weather has been more favorable in these areas recently.

SNOW TO PROTECT RUSSIA WHEAT

Another cold outbreak is expanding over west Russia and moving south towards east Ukraine and south Russia at this time. 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.

HOT AUSTRALIA PATTERN

In Australia, episodes of very hot and dry weather are reported to have increased the risk to non-irrigated sorghum in New South Wales and southern Queensland. There has also been some increase in stress to irrigated cotton but this crop may be more able to handle hot, dry weather especially if irrigation is adequate.

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

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