Market Impact Weather

OMAHA (DTN) -- Very little weekend rain in Argentina, and only light moisture in the Southern Plains, are the key weather items for the commodity trade's attention Monday.

DISAPPOINTING ARGENTINA RAIN

The DTN ag weather forecast calls for stressful dryness in central Argentina this week after only limited rainfall during the past weekend. Most central crop areas had no more than light showers, well under one-half inch (12 millimeters). Additional crop loss, particularly in soybeans, is expected. The weather will turn hot again later this week after brief moderation during the next two days.

VARIABLE BRAZIL PRECIPITATION

Across Brazil, scattered thunderstorms during the past weekend will provide favorable moisture for southern crop areas; however, some only had light showers and need more rain. Cooler weather helps maintain favorable growing conditions. Meanwhile, rain continues to bring some disruptions to the soybean harvest in central Brazil. Rainfall does provide favorable soil moisture for planting second-crop corn (safrinha).

MAINLY DRY IN SOUTHERN PLAINS

There is no significant precipitation indicated in the Southern Plains region during the next week. There is a slight chance for some rainfall after that in some south-central, southeast and even east-central areas. However, no significant easing of drought is indicated.

MORE NORTHERN PLAINS COLD

Northern Plains and northern Midwest areas continue with a cold pattern. Temperatures will moderate only slightly this week. There is also some risk for snow in Montana and North Dakota, hindering transport and stressing livestock, particularly with newborn calves.

SOUTH AFRICA SHOWERS

South Africa crop areas will have scattered showers and a variable temperature pattern during the next week. This should favor developing to reproductive corn.

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

Follow Bryce Anderson on Twitter @BAndersonDTN

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