Market Impact Weather

OMAHA (DTN) -- Favorable rain forecasts for Argentina, and continued rain across central Brazil, are the key weather items for the commodity trade's attention Monday.

COLD AND DRY IN MIDWEST

The DTN ag weather forecast calls for variable temperatures and mostly dry conditions in the Midwest during this week. Temperatures will be generally above normal in western areas and near to below normal in eastern areas. Precipitation will be confined to snow in the immediate Great Lakes area. Transportation impact will be minimal.

WARM AND DRY ACROSS SOUTHERN PLAINS

Warm weather in the Southern Plains during the next 10 days will prevent the winter wheat crop from going into full dormancy. This will further stress the crop due to continued dry weather depleting soil moisture.

CONTINUED CENTRAL BRAZIL RAIN

Across central Brazil, moderate to heavy rain occurred during the past weekend. Additional moderate to heavy amounts are indicated through the coming week. At this point, the rain is beneficial for soybean and full-season corn development.

DRY BUT MILD IN SOUTHERN BRAZIL

Southern Brazil will be drier during the coming week with mild weather. Some drying of soils is indicated; however, the temperature pattern has not turned stressfully hot.

CONTINUED ARGENTINA SHOWER FORECAST

Argentina's major crop areas have a continued promising forecast for moderate rain during the next seven days. Scattered showers also occurred during the past weekend, while temperatures stayed mild.

DRY FOR AUSTRALIA HARVEST

Australia's wheat harvest has another round of favorable dry conditions this week.

FAVORABLE SOUTH AFRICA MOISTURE

South Africa has favorable conditions for planting and developing corn throughout the major crop areas.

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

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