Market Impact Weather

Plains Rain Begins

Bryce Anderson , DTN Ag Meteorologist and DTN Analyst

OMAHA (DTN) -- Rain beginning in the Southern Plains, and additional rain in central Brazil, are the key weather items for the commodity trade's attention Tuesday.

SHOWERS FOR MIDWEST

The DTN ag weather forecast calls for periods of showers, seasonal temperatures, and generally favorable conditions for the upcoming spring planting season in the Midwest. Corn planting is reported as far north as southern Illinois.

PROMISING RAIN BEGINS IN SOUTHERN PLAINS

Rain is beginning in the Southern Plains. This is beneficial and important moisture due to recent dry conditions leading to declines in wheat crop ratings and advanced stages of post-dormancy development.

MORE CENTRAL BRAZIL RAIN

Central Brazil will continue with periods of showers over the balance of this week. This trend will maintain favorable conditions for developing second crop corn. Soybean harvest is finished in central and northern Brazil, and is well into the final third of the total crop nationwide.

WESTERN ARGENTINA RAIN

Heavy rain with flooding potential is forecast for western Argentina over the next few days. The impact on grain production will be minor, however. Portions of the country with larger crop output will have much lighter precipitation and a minimal flood threat.

AUSTRALIA CYCLONE DAMAGE

Tropical Cyclone Debbie made landfall along the Queensland coast in northeastern Australia early Tuesday. Strong winds, torrential rains and severe flooding are likely to have caused widespread and severe damage to property and in the area of landfall. The area affected is a major sugarcane producer. This system may also heavy to torrential rains into the northern part of the sorghum belt as it moves inland. Heavy rains and severe thunderstorms are expected to turn southward and move into the major sorghum and cotton areas during the next 24 to 36 hours. Sorghum and cotton are being harvested this time of year. Sugarcane is developing. Damage to these crops appears likely. Severe damage is possible.

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

(ES)