Market Impact Weather

OMAHA (DTN) -- Favorable rain in some drier areas of Argentina, and improving conditions for early harvest in Brazil, are the key weather items for the commodity trade's attention Wednesday.

WEEKEND ARGENTINA RAIN FORECAST

The DTN ag weather forecast calls for Argentina crops to benefit from a round of beneficial rainfall over the past 24 hours. Moderate to locally heavy rain was especially favorable in north-central crop areas. Some additional rain is possible before the end of the week.

LIGHTER CENTRAL BRAZIL RAIN

Across Brazil, a trend toward lighter rain or drier conditions in the central crop areas over the next week will favor ripening soybeans and early harvest progress. Soil moisture is favorable for ongoing crop development in central Brazil. Southern areas have continued rainfall and favorable soybean development moisture.

MILDER BUT STILL DRY IN SOUTHERN PLAINS

In the Southern Plains, the latest Arctic cold wave does not appear to have been cold enough to harm winter wheat. The pattern shows a rapid warming over the next several days. There does not appear to be any additional significant cold outbreaks for the region during the next 10 days. The region continues to be dry with very little meaningful precipitation in the forecast.

VARIABLE MIDWEST TEMPERATURES

The Midwest has a variable temperature pattern in store through the next week. Conditions do not present a stress threat to soft red winter wheat at this time. There is still concern over dry conditions so far this winter in southern areas.

WEEKEND SNOWSTORMS FOR NORTHERN PLAINS

Northern Plains and western Midwest areas have a snowstorm indicated during the Sunday-through-Monday time frame. The storm features snow, ice and rain with increasing winds. This is likely to produce an area of heavy snow and strong winds affecting transport and increasing stress on livestock. The axis of heavier snow and wind will depend on the track of the storm center and how quickly the precipitation changes to snow. At this time the highest risk for snow and wind appears to be in the west and north areas.

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

Follow Bryce Anderson on Twitter @BAndersonDTN

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