Market Impact Weather

Widespread U.S. Precipitation Chance

Bryce Anderson , DTN Ag Meteorologist and DTN Analyst

OMAHA (DTN) -- Precipitation chances for much of the central U.S. and additional rain periods across South America are the key weather items for the commodity trade's attention Thursday.

PROMISING MIDWEST PRECIPITATION

The DTN ag weather forecast calls for light to moderate rain to cover most of the Midwest through the next week. The coverage area includes a dry sector of the southern half of the region. The precipitation will be useful in easing dryness ahead of spring planting.

FAVORABLE SOUTHERN PLAINS FORECAST

There is a good chance for more significant rainfall occurring in parts of the Southern Plains wheat belt during the next few days. This rain chance may become more widespread during the six- to ten-day period. Conditions for winter wheat development are expected to improve.

BENEFICIAL BRAZIL TRENDS

Periods of showers and mild temperatures are favorable for second-crop corn (safrinha) in central Brazil areas. Generally favorable conditions for filling soybeans in southern Brazil.

BOUNTIFUL ARGENTINA PROSPECTS

Favorable conditions for developing and filling corn and soybeans remain in effect in the major growing areas of central Argentina. Some improvement in rainfall in the double-crop soybean areas in the south is also noted. The sunflower harvest has been delayed by prior rains and may see more delays due to additional rain in the next week.

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

(ES)