Market Impact Weather

OMAHA (DTN) -- Dry weather stressing crops in Argentina, rain disrupting the soybean harvest and planting in central Brazil, and limited moisture for the main wheat-producing area in the Southern Plains are the key weather items for the commodity trade's attention Thursday.

NO SIGNIFICANT ARGENTINA RAINS

The DTN ag weather forecast calls for dry weather in the major corn and soybean areas of Argentina to continue stressing filling corn and soybeans. Crop losses are occurring. There were some beneficial rains over this past weekend in the minor producing areas of southern Buenos Aires. No significant rain is being forecast during the next six to seven days, although temperatures are not as high as they have been.

DISRUPTIVE BRAZIL RAIN

There continues to be some disruptions to the soybean harvest in central Brazil. Rain may also delay the planting effort for second-crop corn. Soil moisture is adequate to surplus in the areas that grow most of the second-crop corn at this time. Conditions are mostly favorable for filling, maturing and any early-harvesting of soybeans in southern Brazil, although there were some locally heavy showers in Rio Grande do Sul yesterday.

LIMITED SOUTHERN PLAINS RAIN FOR WHEAT AREA

Major Southern Plains wheat-producing areas will miss most of the rain forecast for the southeast and south-central areas during this week. Snow with 0.25 to 0.50 inch of melted precipitation will be possible from northern Kansas through Nebraska and northeast Colorado Friday and Saturday. There's no significant cold weather threat at this time.

SNOW IN MIDWEST

Snow is expected across the upper Midwest later today and during tonight, leading to travel and transport delays. A heavy snow and ice event will hit the western Midwest region Saturday. This will greatly affect travel in the region at that time.

EASTERN MIDWEST/DELTA FLOODING

In the eastern and southern Midwest and Delta, recent and forecasted rains increase the risk for flash flooding and river flooding in these areas. In some areas, severe flooding is expected.

FAVORABLE SOUTH AFRICA TREND

In South Africa, episodes of showers and thunderstorms will continue to affect the region during the next three to five days. Heavy rainfall totals may occur in north and east areas. This maintains adequate to surplus soil moisture for crops, but it may also lead to local flooding. Further rain at this point is neutral at best for filling crops and may be somewhat unfavorable if it leads to severe flooding and/or increased disease pressure.

Elaine Shein can be reached at elaine.shein@dtn.com

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