Commodities Market Impact Weather

OMAHA (DTN) -- Persistent Midwest rain, and favorable moisture in many world wheat areas, are the key weather items for the commodity trade's attention Wednesday.

CONTINUED MIDWEST RAIN

The DTN ag weather forecast calls for continued rain and delayed fieldwork across the Midwest. Moderate-to-locally-heavy rains could create another significant flooding event in northwestern areas. The eastern part of the Midwest may see rain on Thursday, Friday and Saturday. It is possible that significant fieldwork delays could continue through the end of the month.

WET NORTHERN PLAINS FIELDS

In the Northern Plains, rainfall during the past 24 hours, and continuing Wednesday, will keep soils wet and further delay fieldwork.

ADEQUATE SOUTHERN PLAINS MOISTURE

In the Southern Plains, soil moisture remains adequate to surplus for developing winter wheat. Crop ratings continue to improve. Severe weather is expected with thunderstorms through Thursday. This includes the risk of strong wind gusts, hail and tornadoes.

STORMY DELTA FORECAST

Across the Delta, heavy rain and thunderstorms occurred in the region during the weekend. Another moderate-to-heavy rain event is expected during the middle of this week. The region has a significant percentage of surplus soil moisture with some risk of severe flooding. Delays to seasonal fieldwork appear likely. Severe weather is likely to occur in southern and eastern areas with this event.

SOUTHERN BRAZIL RAIN

The Brazil weather pattern is mostly favorable conditions for second crop (safrinha) corn, sugarcane and coffee from Parana northward due to periods of rain and warm weather. Rain in Rio Grande do Sul early this week may mean delays to the soybean harvest.

MOSTLY FAVORABLE ARGENTINA PATTERN

In central Argentina, Cordoba and Santa Fe may see additional moderate thunderstorms this coming weekend. This may delay the harvest of summer crops, but the space between rain events appears to be enough to ease concerns somewhat. Southern Buenos Aires looks somewhat drier during the next seven days. This favors summer crop harvests while reducing soil moisture ahead of the planting season for winter wheat.

FAVORABLE BLACK SEA MOISTURE

In the Black Sea region, adequate-to-surplus soil moisture is increasing the chances for large wheat crops in Russia and Ukraine this year.

EASTERN AUSTRALIA DRYNESS

Eastern Australia wheat areas still need more rain to ease drought conditions. Meanwhile, Western Australia has an increase in showers ahead, which offers improved moisture for wheat planting.

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

Follow him on Twitter @BAndersonDTN

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