Market Impact Weather

OMAHA (DTN) -- A widely variable Midwest rain pattern, and beneficial rainfall in Brazil, are the key weather items for the commodity trade's attention Monday.

MORE WESTERN MIDWEST RAIN

The DTN ag weather forecast calls for continued moderate to heavy rain in the western Midwest during this week. This stretch of rainy conditions will disrupt harvest. Meanwhile, eastern Midwest areas continue with a favorable dry pattern for harvest. There are no freeze threats in the forecast.

SOUTHERN PLAINS SHOWERS

In the Southern Plains, continued showers will maintain favorable soil moisture for recently planted wheat while causing only minor planting delays.

MORE DRYNESS IN DELTA

The Delta and Southeast have another week of dry and mild conditions. The dry trend favors harvest, but is interfering with grain shipping. Barge freight rates reportedly hit a three-year high last week as water levels on the lower Mississippi River fell to near-record lows.

DRIER FOR NORTHERN PLAINS

Weekend rain caused some local harvest delays in the Northern Plains. A drier trend this week will allow for renewed harvest activity.

CENTRAL BRAZIL RAIN

In central Brazil, rainfall during the weekend and early this week will help to improve soil moisture and encourage planting of early soybeans in the region.

FAVORABLE ARGENTINA MOISTURE

In central Argentina, soil moisture supplies are favorable for upcoming corn and soybean planting. Some early corn planting is underway.

WELCOME AUSTRALIA SHOWERS

Eastern Australia received some welcome rain during the past weekend. Moderate to locally heavy showers and thunderstorms occurred in most of Queensland and also formed in part of New South Wales. The rain is beneficial to late reproductive to filling winter wheat.

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

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