Market Impact Weather

OMAHA (DTN) -- Cool, mainly dry weather continuing in the Corn Belt, no significant rains for the Northern Plains and Canadian Prairies, and continued rains for the Southern Plains wheat area, are the key weather items for the commodity trade's attention Friday.

COOL, MAINLY DRY IN MIDWEST

The DTN ag weather forecast calls for more favorable weather for filling corn and soybeans in the western Midwest due to near- to below-normal temperatures. However, drought stress continues in some areas, especially southern and western Iowa. There's mostly favorable weather for filling corn and soybeans in the eastern Midwest, although more rain would benefit in parts of Illinois. In the seven- to 10-day outlook, there is a chance for rains in the Corn Belt, possibly of a quarter-inch to an inch, but there is still uncertainty at this time.

RAIN, FLOOD CONCERNS FOR SOUTHERN PLAINS

Southern Plains crop areas have generally favorable conditions for developing crops. Rainfall of moderate to locally heavier amounts is forecast to continue for a few more days, which will offer additional benefit overall, especially for planting hard red winter wheat in September. However, there are also flooding concerns in some areas, especially in central and western Oklahoma. Oklahoma will see multi-day storms dump 3 to 5 inches between Friday and Sunday. The National Weather service has issued flood advisories for much of the state. For west Texas, there are generally favorable conditions for developing cotton.

COOLER, LIMITED RAIN IN NORTHERN PLAINS

In the Northern Plains, cooler weather will ease stress to later-filling corn and soybeans. However, rainfall remains limited as drought stress continues.

LIMITED RAIN, WARMER FOR PRAIRIES

Major losses to spring wheat are due to hot, dry weather in July for the Canadian Prairies. More favorable weather is expected for canola, which is mostly grown in northern areas. Rain chances into next week are limited for the Prairies. The Prairies will see a return to hot weather, starting Sunday, and lasting for several days. This will add to crop stress.

RAIN HELPS UKRAINE YIELDS

Yield prospects for crops remain near to above normal over much of Ukraine and Russia due to above-normal rainfall during the past 30 days in much of the region.

FAVORABLE NORTHEAST CHINA RAIN

Beneficial rain continues for reproductive to filling corn and soybeans in northeast China.

DRIER IN WEST INDIA TREND

Drier weather favors planting and developing oilseeds and cotton in the major growing areas of west-central India.

MORE RAIN NEEDED IN AUSTRALIA

Some beneficial rain for wheat in Australia has occurred; however, more will be needed in southeast areas to improve yield prospects after a dry start to the growing season.

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

(AG)

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