Market Impact Weather

OMAHA (DTN) -- Very light showers in Argentina, and further drought in the Southern Plains, are the key weather items for the commodity trade's attention Monday.

MINIMAL ARGENTINA RAIN

The DTN ag weather forecast calls for light showers in Argentina during the next week. The rainfall, however, is not enough to change the overall pattern of exhausting and damaging drought. Stress to filling corn and soybeans continues with increasing crop losses expected.

FAVORABLE BRAZIL TRENDS

Across Brazil, a drier and hotter period for Mato Grosso during the past weekend should continue Monday before showers return later in the week. The drier trend is favorable for soybean harvest and second-crop corn (safrinha) planting. Earlier-planted corn should benefit from adequate soil moisture after prior rains. Mostly favorable conditions are in effect for filling, maturing and any early harvesting of soybeans in southern Brazil.

MORE DRYNESS IN SOUTHERN PLAINS

Across the Southern Plains, strong winds, warm weather, and low humidity levels will be prominent during the early-week period. Red flag wildfire warnings and high wind warnings have been issued for much of the region. This dry, warm and windy pattern increases stress to wheat, especially in southwest and central areas where it has already been very dry this winter season, but possibly more widespread than that.

SNOWSTORM FOR NORTHERN PLAINS

Snow and strong winds for the Northern plains region is expected to lead to blizzard conditions for some areas. Snow will also develop in the northwest and north areas of the Midwest. Travel and transport will likely be greatly affected in these areas. There will be stress to livestock increases as well, especially in areas of heavy snow and wind.

WET WEEK IN EUROPE

West and central Europe are under a more active weather pattern during this week, not anywhere near as cold as it was last week. This will likely mean rain in the west and rain or snow in central areas, providing adequate to surplus moisture in key winter wheat and rapeseed areas during the spring.

SHOWER FORECAST IN SOUTH AFRICA

In South Africa, scattered showers may redevelop later this week following a dry weekend and early week timeframe. This weather pattern will favor filling to early maturing crops in the east following prior heavy rains in the area. Soil moisture should support favorable development of reproductive to filling corn in western crop areas.

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

Follow Bryce Anderson on Twitter @BAndersonDTN

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