Market Impact Weather

OMAHA (DTN) -- An uncertain rainfall prospect in central Argentina, and consistent rain in central Brazil through the end of the week, are the key weather items for the commodity trade's attention Wednesday.

MINIMAL ARGENTINA RAIN CHANCE

The DTN ag weather forecast calls for limited rainfall and near to mostly above normal temperatures in central Argentina to decrease soil moisture and increase stress on filling corn and soybeans. A cold front moving through Sunday or Monday may lead to some rain in Santa Fe, but with hot weather preceding this chance of showers it is unlikely that this will change the situation significantly. It is expected that this weather pattern is reducing yield potential. The amount of impact will depend on how much longer the current weather pattern holds, especially as it concerns soybeans.

RAIN AGAIN IN CENTRAL BRAZIL

Across Brazil, central areas are locked in a consistent rainfall pattern through the weekend. This is unfavorable to maturing soybeans and disrupts harvest. Southern Brazil has favorable crop conditions; however, this area is turning drier with possible late-season dryness stress.

COLD AND DRY IN SOUTHERN PLAINS

Southern Plains areas have no significant precipitation in sight, although some may see a little snow or snow showers at times over the next week. This precipitation will not ease drought conditions. There is no damaging cold weather indicated at this time. However, the situation bears watching.

COLD WAVE FOR NORTHERN PLAINS

Northern Plains areas again have a very cold forecast for the next week to 10 days. Overnight low temperatures are forecast to reach 10 to 20 degrees below zero Fahrenheit over North Dakota and northern Minnesota from Thursday to Monday, possibly a little colder. Western Midwest areas will have similar bitter cold, with low temperatures reaching below zero F in northern Iowa.

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

Follow Bryce Anderson on Twitter @BAndersonDTN

(ES/)

Copyright 2018 DTN/The Progressive Farmer. All rights reserved.