Commodities Market Impact Weather

OMAHA (DTN) -- Stressful heat and dryness in Brazil, and more favorable conditions in Argentina, are the key weather items for the commodity trade's attention Tuesday.

MILD ACROSS MIDWEST

The DTN ag weather forecast calls for a continued warm Midwest pattern through the next seven days. Precipitation will focus over the eastern sector, with rain and some mixed precipitation. Snowfall will mainly be in the immediate Great Lakes area.

FAVORABLE SOUTHERN PLAINS TREND

In the Southern Plains, conditions remain favorable for overwintering wheat. There is no damaging cold weather in sight. No significant stress to livestock is expected during this period.

MORE NORTHERN BRAZIL HEAT AND DRYNESS

Mostly hot and dry conditions are again forecast for northern and northeastern Brazil during the next week. This will continue to stress pod-filling soybeans. Reduced crop size is expected.

LIMITED SOUTHERN BRAZIL RAIN

Across southern Brazil, only the state of Rio Grande do Sul has favorable rainfall and crop conditions. The remainder of this sector -- Parana, Mato Grosso do Sul and Sao Paulo states -- remain well below normal on rainfall. The forecast continues to offer only minimal rainfall, with well above normal temperatures. Heat and dryness are leading to ideas of notable reduction in soybean crop prospects.

FAVORABLE ARGENTINA CONDITIONS

In Argentina, conditions continue to be mostly favorable for developing corn and soybeans throughout the major central growing areas of central Argentina with adequate to surplus soil moisture and only brief hot spells. Heavy rain prospects are concentrated in the far northern sector.

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

Follow Bryce Anderson on Twitter @BAndersonDTN

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