Commodities Market Impact Weather
Rain, Snow, Blizzard in Central U.S.
OMAHA (DTN) -- The impact of heavy rain, snow and flooding in the central U.S., and ongoing rain prospects for South America, are the key weather items for the commodity trade's attention Thursday.
MIDWEST FLOODING
The DTN ag weather forecast calls for widespread flooding in the Midwest due to melting of a heavy snow pack, river ice jams, and rapidly increasing temperatures with associated thunderstorm and rain development. Storms will continue to form through Friday. A quieter pattern is indicated over the next week; however, wet ground and flooding loom as notable features for the spring season. Little if any fieldwork is expected to be accomplished until April.
NORTHERN PLAINS BLIZZARD
In the Northern Plains, a powerful and intense storm system across the Central Plains will continue to bring high winds and blizzard conditions to parts of the west-central and Northern Plains and Rockies through late Thursday. Blizzard conditions are likely from Colorado north to North Dakota and Minnesota. Blizzard components of snow, cold weather, and strong winds will cause notable stress to transportation, safety, and livestock.
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SOUTHERN PLAINS RAIN AND SNOW
In the Southern Plains, moderate to heavy rains this week favors the wheat crop that will break dormancy in the next few weeks. Improvement is most notable in Texas and Oklahoma. However, the rainfall is creating muddy conditions for livestock in feedlots. Drier conditions are indicated during the next week.
MORE RAIN FOR BRAZIL
Rain prospects remain high for most Brazil crop areas through the next seven days. The rain will bolster soil moisture for the safrinha corn crop.
FAVORABLE ARGENTINA TREND CONTINUES
Argentina's primary crop areas have continued prospects for light to moderate rain, locally heavier, during the next seven days. Crop size projections are robust compared to the drought-reduced totals of a year ago.
Bryce Anderson can be reached at bryce.anderson@dtn.com
Follow him on Twitter @BAndersonDTN
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