DTN Market Impact Weather

Commodities Market Impact Weather

Bryce Anderson
By  Bryce Anderson , DTN Senior Ag Meteorologist
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OMAHA (DTN) -- A mixed harvest pattern in the Midwest and dry conditions across Australia are the key weather items for the commodity trade's attention Wednesday.

MIXED MIDWEST FORECAST

The DTN ag weather forecast calls for Midwest conditions to remain drier with seasonal to above-normal temperatures during the balance of this week. This mild and dry trend will favor maturing and early harvesting of corn and soybeans. Harvest progress in wettest areas will still be delayed. Shower and thunderstorm prospects increase in the western and northern Midwest during the seven- to 10-day time frame.

DRIER SOUTHERN PLAINS OUTLOOK

Southern Plains areas have a much-improved soil moisture supply for winter wheat planting and fall pasture due to recent rains. The forecast is drier, which may lead to some reduction in moisture.

VARIABLE NORTHERN PLAINS PATTERN

The Northern Plains have favorable conditions for finishing spring wheat harvest and beginning row-crop harvest activity.

IMPROVED DELTA HARVEST TREND

Delta crop areas have improved harvest conditions due to a drier trend this week.

HURRICANE DAMAGE FOR SOUTHEAST

Hurricane Florence is expected to bring extreme damaging conditions to the southeast U.S. Thursday through Saturday. This means a powerful coastal storm surge, extremely damaging winds and torrential rains leading to widespread and very severe flooding. Rainfall potential is 15 to 25 inches in hardest-hit areas, possibly more due to very slow movement of the system as it nears the coastline. Heaviest rain is indicated from southern Virginia through South Carolina. There is also a risk for heavy rain reaching to east and north Georgia. Crops impacted would include soybeans, cotton and peanuts.

RAIN FOR PRAIRIES

The Canadian Prairies forecast continues to indicate periods of showers during the next week. Showers improve moisture for planting winter grains, but will disrupt summer-crop harvest.

DRY AUSTRALIA FORECAST

Major wheat areas of eastern Australia remain in a dry prospect through the next week. Western Australia is also looking dry. Australia wheat estimates are declining; already down more than 10% from a year ago, and 40% below two years ago.

SHOWERS AND COOL FOR CHINA

Northeastern China crop areas have a cloudy and cool pattern forecast, with periods of showers. This is unfavorable for soybean ripening and harvest.

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

Follow Bryce Anderson on Twitter @BAndersonDTN

(AG)

Bryce Anderson

Bryce Anderson
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