Market Impact Weather

OMAHA (DTN) -- Beneficial rain in dry areas of Argentina, and widespread favorable temperatures and precipitation in Brazil, are the key weather items for the commodity trade's attention Thursday.

EASTERN MIDWEST SHOWERS

The DTN ag weather forecast calls for mild temperatures across the Midwest through the first weekend of December. A round of light to moderate rain is also indicated over the five-day period. Rainfall will favor soil moisture, but will cause disruptions in areas where producers are still dealing with late harvest. A drier and much colder trend in the six-to-ten-day time frame offers better prospects for harvest completion.

DRY FOR SOUTHERN PLAINS

Southern Plains crop areas have a notably drier outlook for the next week than suggested in previous forecasts. 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.

BENEFICIAL BRAZIL PATTERN

Across Brazil, continued scattered thunderstorms and warm temperatures through major soybean and first crop corn areas will favor development.

FAVORABLE ARGENTINA RAIN

A dry area of the Argentina crop belt, Cordoba, received timely and beneficial rainfall of moderate to locally-heavy intensity in the past 24 hours. This is easing concerns about crop stress due to the recent drier and hotter trend. Additional rainfall is expected in Argentina's primary growing areas through the coming weekend. This should continue to improve conditions for developing crops.

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

(ES/)

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