Market Impact Weather

OMAHA (DTN)— Favorable rain indicated for key South America crop areas, and a chance for needed precipitation in the southern Plains over the next 10 days, are the key weather items for the commodity trade's attention Tuesday.

MIDWEST STAYS DRY

The DTN ag weather forecast again calls for dry and mild conditions across the Midwest during the end of November into early December. This will be favorable for remaining harvest. The drier trend is notably welcome in Wisconsin, Ohio, Michigan and Pennsylvania, where harvest has been extensively delayed by prior rains.

SOUTHERN PLAINS RAIN CHANCE

Southern Plains crop areas again have a continued suggestion of precipitation over the next week to ten days. This chance will be closely monitored. Winter wheat crop ratings in Oklahoma and Texas are more than 20 percentage points less than a year ago for combined good to excellent totals. The overall U.S. winter wheat crop ratings at the end of November are 8 points lower than a year ago at 50 percent good to excellent.

CONTINUED CENTRAL BRAZIL RAIN

Central Brazil crop areas have continued beneficial rainfall occurring and in the forecast through the end of the week. Soybean planting progress has now advanced ahead of a year ago due to the improved rainfall pattern.

FAVORABLE ARGENTINA FORECAST

Forecast models have an ongoing moderate to heavy rainfall potential indicated for the central Argentina crop belt through the next five days. The includes the western half of the region, where dry conditions have caused concern over crop moisture and reduced production.

IMPROVED SOUTH AFRICA MOISTURE

Most of South Africa's crop areas have improved crop moisture following moderate to locally heavy rain during the past weekend, along with cooler temperatures.

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

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