Market Impact Weather

OMAHA (DTN) -- Mild and dry conditions in the 10-day Midwest harvest forecast, and additional chances for rain in central Brazil, are the key weather items for the commodity trade's attention Wednesday.

DRY AND MILD 10-DAY FORECAST

The DTN ag weather forecast calls for slow corn harvest progress in the northern and eastern Midwest due to recent moderate to heavy rain and low temperatures. A recent drier trend in the western Midwest will improve conditions for harvest. The entire Midwest has a dry and warmer pattern in the six-to-10-day timeframe, offering favorable open conditions for harvest.

DRY SOUTHERN PLAINS TREND

Southern Plains conditions will be dry during the next week with variable temperatures. Soil moisture at this time is adequate for winter wheat and pasture. The drier trend bears watching for continuation due to a high relationship between dryness in the region and La Nina events in the Pacific Ocean. Weak La Nina indicators are now established in the Pacific equatorial region.

IMPROVING CENTRAL BRAZIL RAIN

Central Brazil had scattered rainfall with variable amounts during the past 24 hours. The region continues with a promising forecast for additional precipitation through the end of the week. Moisture would be beneficial for planting soybeans along with crop development.

DRY ARGENTINA FORECAST

Central Argentina continues with mostly favorable conditions for planting and development of corn and sunflower and for developing winter wheat. A mostly dry forecast through the coming weekend will offer further benefit for fieldwork progress.

RAINS BENEFIT SOUTH EUROPE

In southern Europe, rains have recently increased through Spain and especially through Italy. Rain in Italy has been moderate to heavy since the weekend with very high coverage. This favors winter grains and other specialty crops. Rain has not yet ended the drought pattern in Spain, especially through eastern Spain.

SOUTH AFRICA HEAT

A recent turn to hot and dry conditions in South Africa crop areas may lead to slowdowns in planting progress for western growing areas and increasing stress to germination and early development of maize in the east. Scattered showers and cooler weather at the end of this week may ease concerns somewhat, but more rain will be needed to end concerns. Additional showers and less hot weather is expected next week.

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

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