Market Impact Weather

Mainly Favorable South America Conditions

Elaine Shein
By  Elaine Shein , DTN/Progressive Farmer Associate Content Manager
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OMAHA (DTN) -- Mainly favorable conditions for South America, as well as precipitation for the winter wheat crop in the Southern Plains, are the key weather items for the commodity trade's attention Tuesday.

MILD AND DRY IN MIDWEST

The DTN ag weather forecast calls for dry conditions in the Midwest for the next five days. Temperatures will generally be above- to much-above normal.

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SOUTHERN PLAINS PRECIPITATION

In the Southern Plains, there is mostly favorable soil moisture for the crop in the Southern Plains when it 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 beneficial rains have occurred through southern areas early this week.

FAVORABLE BRAZIL TREND

Brazil will have favorable conditions for maturing and harvesting soybeans and planting and developing second-crop corn in central Brazil. However, rain during the weekend and during Monday may slow fieldwork somewhat. Conditions are also favorable for filling and maturing soybeans in southern Brazil. Drought in the minor northeast growing areas will affect production.

BENEFICIAL ARGENTINA CONDITIONS

Mostly favorable conditions for seen for corn and soybean areas of central Argentina with adequate to surplus soil moisture and no significant heat. Concerns continue over losses due to earlier flooding in some sections. Some risk of additional strong storms later this week. 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.

Elaine Shein can be reached at elaine.shein@dtn.com

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Elaine Shein

Elaine Shein
Connect with Elaine: