Commodities Market Impact Weather

OMAHA (DTN) -- Rain prospects for eastern Brazil and favorable conditions in Argentina are the key weather items for the commodity trade's attention Friday.

MILDER MIDWEST WEEKEND

The DTN ag weather forecast calls for the Midwest extreme cold event to be replaced by much warmer conditions through this weekend. Transport concerns continue on the rivers due to the ice build-up from this week's extreme cold. Some winter wheat may have also been damaged by the harsh cold conditions.

FAVORABLE SOUTHERN PLAINS FORECAST

In the Southern Plains, conditions are generally favorable for overwintering wheat with adequate soil moisture. There is no damaging cold weather expected in this area.

IMPROVING BRAZIL RAIN PROSPECTS

Eastern Brazil has some better chances for moderate to locally heavy rain during the next week. This moisture will be important for easing soybean crop stress along with offering better conditions for planting the safrinha corn crop. South-central Brazil still has only light rain indicated. Temperatures will be more variable than recent consistently-hot trends.

FAVORABLE ARGENTINA PATTERN

Argentina crop weather remains favorable for developing corn and soybeans in central crop areas, with adequate to surplus soil moisture and only brief periods of hot temperatures.

BENEFICIAL BLACK SEA CONDITIONS

In the Black Sea region, winter wheat prospects in Russia and Ukraine are favorable. Snow cover this season has been moderate to heavy, offering insulation for the crop against wintertime cold.

CENTRAL CHINA SHOWERS

Central China crop areas have generally seasonal temperatures with no harsh cold. Rainfall during this week reached to the southern and some of the central areas of North China Plain. This is somewhat unusual for these areas, and they are typically drier.

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

Follow Bryce Anderson on Twitter @BAndersonDTN

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