Market Impact Weather
Light Argentina Rain Prospect
OMAHA (DTN) -- Indications of lighter rainfall for Argentina, and little if any moisture for the Southern Plains, are the key weather items for the commodity trade's attention Wednesday.
DRIER MIDWEST PATTERN
The DTN ag weather forecast calls for a drier pattern across the Midwest through the U.S. Thanksgiving holiday weekend. This set of conditions offers good late and final-stage harvest progress in the western Midwest. Eastern Midwest producers will also make more progress in this delayed harvest season; however, the pace will be slow due to wet soils from recent heavy precipitation.
WARM AND DRY AGAIN IN SOUTHERN PLAINS
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Southern Plains areas will remain dry with very warm weather. Precipitation reports indicate that it has now been more than 50 days since the western panhandle of Oklahoma has seen at least a quarter of an inch (6 millimeters) of rain in a single day.
CENTRAL BRAZIL RAIN
Brazil's central and northern crop areas remain in line for moderate to locally heavy rain through the coming weekend, with additional soil moisture benefit for crops. Southern areas already have adequate to surplus soil moisture from earlier-season rainfall.
DRIER ARGENTINA TREND
In Argentina, forecast updates now call for very little rain during the next five to seven days in the western portion of the major crop belt. This leads to concern about possible dry-condition stress to crops. Additional caution is also noted due to the Pacific Ocean developing a La Nina pattern, which has a high relationship to dryness during the middle of the Argentina production year in December and January.
VARIABLE SOUTH AFRICA RAIN CHANCES
South Africa's eastern crop areas have a good chance for showers and thunderstorms during the rest of the week. Western areas will stay dry. Dryness stress is a notable feature in the west, where planting has not yet finished due to a lack of soil moisture.
Bryce Anderson can be reached at bryce.anderson@dtn.com
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