Market Impact Weather

OMAHA (DTN) -- Precipitation to interrupt harvest in the eastern Midwest, and a more variable rainfall pattern in Brazil, are the key weather items for the commodity trade's attention Thursday.

SHORT-TERM MIDWEST HARVEST DISRUPTION

The DTN ag weather forecast calls for wet conditions and lower temperatures to keep corn harvest progress slow through the weekend in the northern and eastern Midwest. Drier conditions in the western Midwest allow for better progress.

DRY AND CHILLY FOR SOUTHERN PLAINS

Southern Plains conditions have a dry and chilly forecast through the end of the week. This pattern is not stressful to wheat at this time due to favorable soil moisture conditions. However, the trend bears watching due to La Nina formation in the Pacific Ocean equatorial region, with a high correlation to below-normal winter precipitation in the region.

VARIABLE BRAZIL RAIN

Central Brazil rainfall this week has proved to be more variable than previous forecasts. A round of showers over the five-day period shows more orientation north of Mato Grosso and Goias; thus, benefit from recent rainfall may be limited. South-central and southern Brazil crop areas have favorable soil moisture with a good start to soybean crop development.

ARGENTINA TO BE DRIER

Central Argentina looks to be drier going through the weekend. This pattern offers additional fieldwork and planting opportunity due to adequate to surplus soil moisture. In the longer term, the drier trend may be an indicator of the Pacific Ocean La Nina feature being established.

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

(ES/)

Copyright 2017 DTN/The Progressive Farmer. All rights reserved.