Commodities Market Impact Weather

OMAHA (DTN) -- Continued rain chances in southern Brazil, and heavy precipitation over northern Argentina, are the key weather items for the commodity trade's attention Tuesday.

SHOWERS FOR EASTERN MIDWEST

The DTN ag weather forecast calls for a round of light rain showers to form over the eastern Midwest during the Wednesday-Thursday time frame. Dry conditions ahead of that event will offer some harvest potential. The pattern has a new round of precipitation during the six- to 10-day period.

PLACID SOUTHERN PLAINS PATTERN

The Southern Plains pattern remains quiet and warm for the balance of this week. The warmer trend will allow for germination and emergence of late-seeded wheat. A colder pattern with prospects for rain and snow is indicated during the six- to 10-day time frame.

VARIABLE NORTHERN BRAZIL CONDITIONS

In northern Brazil, crop conditions are generally favorable, with soybean harvest reportedly beginning in some early planted areas. However, dry conditions are forming in the northeast, with very little precipitation forecast through the end of the week.

SOUTHERN BRAZIL DROUGHT

Fast-developing drought conditions in southern Brazil have caused some fears of production loss to soybeans. Many locations in the state of Parana have had less than one-third the average rain totals for the month of December. Moderate to heavy rain is again in the forecast for later this week. This will be an important development for bringing some easing of drought damage.

HEAVY NORTH ARGENTINA RAIN

In Argentina, heavy rain and flooding in the northern half of the main growing areas will be unfavorable for row crop conditions, along with causing reduction in the quality of wheat.

SCATTERED SOUTH AFRICA RAIN

South Africa crop areas continue with a forecast of scattered showers and thunderstorms during this week.

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

Follow him on Twitter @BAndersonDTN

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