Market Impact Weather

OMAHA (DTN) -- Rain for the majority of Brazil's crop areas, and favorable conditions in Argentina this week, are the key weather items for the commodity trade's attention Monday.

RAIN TO CROSS MIDWEST

The DTN ag weather forecast calls for showers and thunderstorms to cross the majority of the Midwest during the first half of this week. Rainfall will be welcome, notably in areas of Missouri and Illinois that have seen moderate drought conditions develop recently.

MOSTLY DRY IN SOUTHERN PLAINS

In the Southern Plains, mostly dry conditions are forecast through this week. Soil moisture is still at adequate levels following midwinter precipitation; however, additional moisture is needed due to recent dry and very warm conditions evaporating some of the soil moisture supplies.

MILDER NORTHERN PLAINS TREND

Across the Northern Plains, a much quieter and milder trend is in the forecast for the next week. This will be favorable for transportation, as well as improving conditions for livestock, notably beef cow herds during calving season.

SHOWERS ACROSS BRAZIL

Brazil's primary crop areas are in line to receive widespread moderate rainfall this week, with locally heavy amounts in northern areas. This is a beneficial forecast for soil moisture for the safrinha (winter) corn crop, now reportedly well into the final stages of planting in Mato Grosso. Meanwhile, soybean harvest nationally is reported at more than 30% complete, which is a favorable start to progress.

FAVORABLE ARGENTINA CONDITIONS

In Argentina, favorable conditions remain in place for developing and filling corn and soybeans in the major growing areas. Some improvement in rainfall in the double crop soybean areas in the south is also favorable for crop prospects.

MILD RUSSIA TREND

Conditions in Russia and Ukraine are favorable for winter crops. There is no significant cold weather threat at this time.

WELCOME AUSTRALIA SHOWERS

In eastern Australia, recent rainfall and cooler conditions helped ease stress to crops and will favor late development, especially for cotton.

SOUTH AFRICA RAIN

Crop areas of South Africa have seen thunderstorms with heavy rain during the past week. This will provide adequate to surplus soil moisture for crops and is mostly favorable.

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

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