DTN Market Impact Weather

OMAHA (DTN) -- Near-general favorable conditions in the Midwest and more favorable rainfall in the Southern Plains are the key weather items for the commodity trade's attention Wednesday.

MIDWEST STAYS FAVORABLE

The DTN ag weather forecast again calls for beneficial conditions for Midwest crops. Temperatures will be seasonal to below normal. Soil moisture is adequate in most areas; plus, periodic showers with moderate to locally heavy rain are forecast across the region.

MORE SOUTHERN PLAINS RAIN

A pattern featuring showers and cooler temperatures will favor filling summer crops in the Southern Plains, especially through northern and central areas. Showers will also help replenish soil moisture for the upcoming planting season for winter wheat.

NORTHERN PLAINS STAY DRY

Mostly dry conditions remain in effect for Northern Plains crop areas. Conditions will favor spring wheat harvest, but will be stressful to filling corn and soybeans.

PRAIRIES HEAT AND DRYNESS

Canadian Prairies crop areas will have very little rain along with well-above-normal temperatures through the end of the week. This hot and dry combination will continue to stress crops. Crop development is reported to be ahead of normal with some crops maturing and early harvesting started. Yield reductions are expected due to this hot and dry pattern.

DROUGHT REMAINS IN AUSTRALIA

Historic drought remains well in place in eastern Australia, causing sharp losses in wheat production estimates for Queensland and New South Wales. Conditions have been slightly more favorable in Western Australia, South Australia and Victoria. Rainfall over the next week is in store for southeastern areas, but not in the driest regions.

BENEFICIAL CHINA CONDITIONS

Primary crop areas of China have a beneficial combination of improved soil moisture, periodic showers and seasonal temperatures.

LIMITED WESTERN INDIA RAIN

Cotton and groundnut areas of western India have scattered rainfall in store over the balance of the week. The rain will bring minimal improvement in crop moisture for cotton and oilseeds.

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

Follow Bryce Anderson on Twitter @BAndersonDTN

(BAS/ES/SK)

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