Market Impact Weather

OMAHA (DTN)— Beneficial rainfall and soil moisture conditions in Brazil, and an important round of precipitation in Argentina, are key weather items for the commodity trade's attention Wednesday.

DRY MIDWEST PATTERN

The DTN ag weather forecast continues to feature mostly dry conditions across the Midwest during the balance of the week. 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.

DRIER SOUTHERN PLAINS FORECAST

Southern Plains crop areas have a reduced chance for precipitation in Wednesday forecast updates compared with earlier in the week. This drier prospect means further loss of soil moisture in winter wheat areas. Winter wheat conditions are notably worse this year than a year ago, especially in Oklahoma and Texas.

FAVORABLE BRAZIL CONDITIONS

Central Brazil has a favorable rainfall pattern for developing soybeans and first-crop corn at this time. Southern Brazil is drier, but soil moisture is favorable for crop development due to heavy rains earlier this season.

IMPORTANT ARGENTINA PRECIPITATION

Central Argentina is receiving moderate to locally heavy rain Wednesday. Additional rain is forecast over the next five days. This is an important round of precipitation, especially in eastern Cordoba, Santa Fe and northern Buenos Aires. The 10-day pattern turns drier.

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

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