Market Impact Weather

OMAHA (DTN) -- Very little rain indicated for central Argentina, and moderate to heavy rain in the central Brazil forecast, are the key weather items for the commodity trade's attention Thursday.

SEASONAL COLD FOR MIDWEST

The DTN ag weather forecast calls for a round of seasonally cold conditions across the Midwest through the next five to seven days. This pattern will also be mostly dry, with precipitation confined to the immediate Great Lakes. Transportation will be favored along with final-stage harvest.

SOUTHERN PLAINS STAY DRY

In the Southern Plains, dry conditions and recent much-above-normal temperatures further deplete soil moisture and increase stress on winter wheat with crop ratings falling. A turn to colder weather this week will likely put the crop into dormancy which will be welcome due to reduced crop moisture needs.

CENTRAL BRAZIL SHOWERS

Across central Brazil, seasonal, tropical shower activity will favor development of soybeans.

DRIER IN SOUTHERN BRAZIL

Southern Brazil has a drier forecast through the next week. This trend favors the remaining soybean planting in Rio Grande do Sul. However, this situation bears watching for possible extensive dryness due to the Pacific Ocean La Nina pattern now identified as being in effect.

LIMITED ARGENTINA RAIN

In Argentina, limited rainfall and warmer temperatures lead to drying and loss of soil moisture, which is increasing stress on crops. About half of the corn and soybean acreage has been planted at this point. This situation bears watching, as La Nina tends to promote dryness in central Argentina. The weather will turn very warm to hot as well during the seven-day time frame.

FAVORABLE SOUTH AFRICA TREND

South Africa has favorable conditions for planting and developing corn throughout all major crop areas. Recent rainfall was beneficial.

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

(ES/)

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