Commodities Market Impact Weather

OMAHA (DTN) -- Continued wet conditions in the central U.S., and favorable harvest trends in South America, are the key weather items for the commodity trade's attention Thursday.

RAINY MIDWEST PATTERN

The DTN ag weather forecast calls for a new round of moderate-to-heavy rain to form in the Midwest during the next week to 10 days. Heaviest amounts are slated for the southern and eastern sectors. This projected new rain event will slow the later stages of planting, and will also bring a renewed flood risk to southern and eastern areas of the region. Lighter rainfall in the past week allowed improvement in planting progress for corn and soybeans. However, near- to below-normal temperatures are unfavorable for growing-degree-day accumulation. This is especially unfavorable for late-planted crops.

SHOWERS AND COOL IN NORTHERN PLAINS

In the Northern Plains, moderate-to-heavy rain with widespread coverage is expected during the short- and medium-range periods. This will maintain favorable conditions for developing spring wheat and earlier-planted corn and soybeans. However, this pattern will also lead to questions about prevented planting and lost acreage. Meanwhile, the lower temperatures will hinder germination and early development.

COOL AND WET IN SOUTHERN PLAINS

In the Southern Plains, a cool and wet pattern over the next week will be unfavorable for additional row crop planting and early crop development. This pattern is also unfavorable for wheat ripening and harvest.

LIMITED RAIN FOR CENTRAL PRAIRIES

Across the Canadian Prairies, wide variances in rain are indicated over the next week. The driest areas of the region in southwest and central Saskatchewan, will have very little rain, with no noticeable improvement in dryness. There is a chance for heavier rainfall in Alberta along with eastern Saskatchewan and western Manitoba.

FAVORABLE BRAZIL HARVEST PATTERN

Across Brazil, harvest of the safrinha corn crop is underway. The next week offers warm and dry conditions to favor progress.

LIMITED SOUTH RUSSIA RAIN

In the Black Sea region, eastern Ukraine through South Russia and the Volga River valley will have dry and very warm to hot conditions during the next week. Developing corn and sunflower crops, along with filling wheat, will be stressed by this combination.

SCATTERED EASTERN AUSTRALIA SHOWERS

In Australia, the next week to 10 days features light to locally moderate rain showers for southern Queensland and northern New South Wales. Moisture will improve wheat conditions; however, crop estimates have been reduced already due to very dry conditions during seeding time.

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

Follow him on Twitter @BAndersonDTN

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