Market Impact Weather

OMAHA (DTN) -- Hot and dry conditions in central Argentina this week, and rain favoring Brazil soil moisture, are the key weather items for the commodity trade's attention Monday.

ARGENTINA HEAT AND DRYNESS

The DTN ag weather forecast calls for central Argentina to have hot to very hot weather through Wednesday. The heat maintains high stress levels on reproductive and filling corn and soybeans. It now appears likely that yield potential for both crops will be declining until rain chances increase or temperatures decrease. There is some chance for showers at the end of the week along with cooler weather, but it is unlikely that this will be enough to end concerns.

RAIN FOR CENTRAL BRAZIL

Central Brazil continues with rainfall, which is favorable for filling soybeans but may be unfavorable for harvest. Southern areas have favorable crop conditions at this time.

MAINLY DRY IN SOUTHERN PLAINS

In the Southern Plains, some early-week precipitation is in store for northern and northeastern areas but little elsewhere.

COLD IN NORTHERN PLAINS

In the Northern Plains and western Midwest, snow is in store for the South Dakota-Iowa-Nebraska areas. The snow will hinder transport at times early this week. Low temperatures will stress livestock, especially over North Dakota.

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

Follow Bryce Anderson on Twitter @BAndersonDTN

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