Commodities Market Impact Weather

OMAHA (DTN) -- A more variable forecast in Brazil, and harsh cold conditions over the central U.S., are the key weather items for the commodity trade's attention Monday.

HARSH COLD FOR MIDWEST

The DTN ag weather forecast calls for bitter cold air over the Midwest during the first half of the week. Some all-time record lows are possible. The bitter cold conditions will affect transportation and livestock. In addition, moderate to heavy snow in the northern Midwest will occur, further disrupting safety, transportation and livestock conditions. There is also potential cold-weather damage to soft red winter wheat. Temperatures are expected to moderate late in the week and over the weekend.

SOUTHERN PLAINS COLD SNAP

In the Southern Plains, a brief but intense round of cold and windy conditions poses some winterkill threat to winter wheat in the northern portion of the region, in Nebraska and northern Kansas. Cold conditions do not appear to be as intense elsewhere.

VARIABLE BRAZIL FORECAST

The weather pattern in Brazil shows more variability over the next 10 days. The five- to seven-day forecast has light rain in south-central through eastern areas, along with very warm to hot weather. The seven- to 14-day forecast, however, features a weakening of upper-atmosphere high pressure, which has been the primary cause of the midseason hot and dry pattern. If this forecast verifies, the suggestion is that milder weather and more-frequent rains may be in store for late-season soybeans and second-crop (safrinha) corn.

FAVORABLE ARGENTINA TREND

Crop areas in Argentina have a generally favorable pattern indicated during this week. Heavy rains that occurred over the past weekend in the southern half of the major crop areas have eased. Temperatures will be seasonally mild this week.

STILL HOT IN SOUTH AFRICA

Corn areas of South Africa had scattered thunderstorms over the weekend. This will ease recent dryness stress to crops.

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

Follow him on Twitter @BAndersonDTN

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