Commodities Market Impact Weather

OMAHA (DTN) -- A new winter storm forming for the central U.S., and timely rain in Argentina, are the key weather items for the commodity trade's attention Thursday.

NEW MIDWEST WINTER STORM

The DTN ag weather forecast calls for a new winter storm system to develop in the Midwest during the coming weekend. This new storm will feature high winds, heavy rain and heavy snow. Precipitation, low temperatures and strong winds will add to stress from a storm system earlier this week, which brought moderate to heavy snow to western and north-central areas. Livestock stress and extensive transportation and travel disruption have already occurred. Blizzard conditions are possible with the new storm.

WINTER STORM FOR SOUTHERN PLAINS

In the Southern Plains, moderate to heavy snow and mixed precipitation is in store through the end of the week, notably on Saturday. The wintry precipitation and cold air will be stressful to livestock, notably in Kansas. Blizzard conditions may also develop in portions of the region. Precipitation will be beneficial to winter wheat.

FAVORABLE BRAZIL RAIN

The return of rain season to central Brazil is very favorable for developing second crop corn. The rain is also favorable for later-planted soybeans. The renewed precipitation is considered to have put a floor on lower yield projections for the Brazil soybean crop. Rainfall has caused only minor delays to the soybean harvest.

BENEFICIAL ARGENTINA PATTERN

In Argentina, showers and thunderstorms developed overnight Wednesday into Thursday over Buenos Aires and La Pampa, providing timely moisture for sunflower crops. Rain is expected to advance northward over the next five days. The oncoming rain pattern will also bring lower temperatures to northwestern Argentina crop areas following a few days of stressful heat.

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

Follow Bryce Anderson on Twitter @BAndersonDTN

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