Commodities Market Impact Weather

OMAHA (DTN) -- Record-setting cold over the Midwest, and another round of short-term heat in Brazil, are the key weather items for the commodity trade's attention Tuesday.

RECORD MIDWEST COLD

The DTN ag weather forecast calls for record cold across much of the Midwest and Northern Plains. Strong winds with rain and snow were featured in north-central to northeast areas Monday, disrupting transport. Strong winds may, in some cases, cause blowing snow which would further affect transport for some locations Tuesday. Some of the coldest weather in years during the next three days will affect transportation and stress livestock. Some may see all-time record lows. The northern portion of the soft red winter wheat belt, northwest Ohio, may see lows near minus 15 Fahrenheit this week. This might affect the crop in areas where snow cover is not adequate to protect the crop from this extreme cold.

WARMING SOUTHERN PLAINS FORECAST

In the Southern Plains, a brief round of cold air does not appear to be threatening to winter wheat. The trend turns warmer during the next week with very little precipitation.

SHORT-TERM BRAZIL HEAT AND DRYNESS

The weather pattern in Brazil offers another week of hot and dry conditions over most crop areas. This combination will be stressful to pod-filling soybeans. Indication are that soybean crop production will decline to levels of two years ago. 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.

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

Follow him on Twitter @BAndersonDTN

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