Commodities Market Impact Weather

OMAHA (DTN) -- A new round of wet conditions for the Midwest in the next week, and a cool and rainy pattern in the Southern Plains, are the key weather items for the commodity trade's attention Wednesday.

HEAVY MIDWEST RAIN FORECAST

The DTN ag weather forecast calls for limited drying conditions in the Midwest over the next 10 days. A brief drier trend has allowed improvement in planting progress for corn and soybeans. However, near- to below-normal temperatures will reduce growing-degree-day accumulation, which is unfavorable for late-planted crops. Heavier rains may redevelop later in the five-day period and during the six- to 10-day period. This may slow the later stages of planting again. It may also threaten more flooding in the region, especially over south and east areas.

COOL IN NORTHERN PLAINS

In the Northern Plains, low temperatures will slow crop germination and early development. Some increase in rainfall is expected during the short- and medium-range periods. This will maintain favorable conditions for developing spring wheat and earlier planted corn and soybeans. It will also mean some delay to planting again.

BELOW-NORMAL SOUTHERN PLAINS TEMPERATURES

In the Southern Plains, recent near- to above-normal rainfall increases disease pressure on maturing wheat, lowers crop quality and slows the early harvest. Wet weather and cooler conditions will continue during this week in the key wheat growing areas. Wet weather and wet conditions will also slow development of row crops.

SCATTERED PRAIRIES RAINFALL

Canadian Prairies crop areas will have scattered rainfall during the next week to 10 days. The driest sectors, particularly in Saskatchewan, will be the slowest to improve. Lower temperatures will slow germination and early development.

FAVORABLE BRAZIL TRENDS

Across Brazil, there are no significant concerns for maturing second crop corn (safrinha) or harvest in Mato Grosso and Goias. Drier weather will also improve conditions for maturing corn and harvesting in Parana.

WARM AND DRY IN RUSSIA

Russia and Ukraine crop areas will be dry over the next 10 days, with above-normal temperatures. Heat and dryness may be stressful to crops in eastern Ukraine through South Russia and the Volga Valley.

SHOWERS FORM IN AUSTRALIA

Across Australia, rain recently developed in Western Australia, southern South Australia and Victoria wheat areas, and should move into southern New South Wales Wednesday. Wheat conditions will improve in these locales due to the rain.

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

Follow him on Twitter @BAndersonDTN

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