Commodities Market Impact Weather
Minimal Brazil Rain
OMAHA (DTN) -- Limited rainfall for driest areas of Brazil, and heavy, flooding rain over northern Argentina, are the key weather items for the commodity trade's attention Wednesday.
MIDWEST STAYS MILD
The DTN ag weather forecast again calls for mild conditions for the season in the Midwest. Precipitation will concentrate in the eastern sector, with moderate snowfall, heaviest in the immediate Great Lakes.
BENIGN SOUTHERN PLAINS TREND
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In the Southern Plains, the pattern remains favorable for overwintering wheat. There is no damaging cold weather in sight. No significant stress to livestock is expected during the balance of the week.
BRAZIL HEAT AND DRYNESS
Much of south-central through northeastern Brazil continues to have very warm to hot weather and limited rainfall forecast in the next seven days. Soybean crop prospects are steadily declining.
HEAVY NORTHERN ARGENTINA RAIN
In Argentina, conditions remain mostly favorable for crops in central and southern areas. However, heavy rains in the northern one-third of the central crop region are causing wheat quality issues along with threatening to damage row crops due to excessive moisture and flooding.
ADEQUATE BLACK SEA SNOW
In the Black Sea region, wheat in Ukraine and Russia has adequate snow cover to protect the dormant crop from recent and forecast cold conditions.
Bryce Anderson can be reached at bryce.anderson@dtn.com
Follow him on Twitter @BAndersonDTN
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