Commodities Market Impact Weather

OMAHA (DTN) -- A new round of moderate-to-heavy rain in the central U.S., and a high chance for showers in the Canadian Prairies, are the key weather items for the commodity trade's attention Friday.

WET AGAIN IN MIDWEST

The DTN ag weather forecast calls for heavy rain in much of the Midwest through the next week. This additional rain will bring continued disruptions and delays to corn and soybean planting, especially over southern and eastern areas. Near- to below-normal temperatures reduce growing degree day accumulations.

COOL WITH SHOWERS IN NORTHERN PLAINS

In the Northern Plains, moderate-to-heavy rain with widespread coverage is expected through the next seven days. 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 cooler temperatures will hinder germination and early development.

UNFAVORABLE SOUTHERN PLAINS RAIN

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.

POSSIBLE CANADIAN PRAIRIES SHOWERS

Across the Canadian Prairies, rainfall chances will increase during the next week. Amounts have a wide variance, with western and eastern sectors in line for moderate-to-heavy totals, while the driest central sector has only light amounts indicated.

BENEFICIAL BRAZIL HARVEST PATTERN

Across Brazil, the weekend offers warm and dry conditions to favor harvest of the safrinha corn crop.

DRY STRETCH FOR BLACK SEA REGION

The entire Black Sea region (Russia and Ukraine) is expected to see below-normal rainfall and above-normal temperatures during the next seven to 10 days. The warmest readings, upper 80s to low 90s, may shift into western areas after a few days as a backdoor cold front brings some moderation to the east. The west is in better shape after an active rainfall pattern during May and early June to withstand this dry spell. In the east, filling wheat and early developing corn and sunflower will come under increasing stress due to dry weather and above-normal temperatures.

MIXED AUSTRALIA RAIN

In Australia, rain has recently occurred in Western Australia, southern South Australia and Victoria wheat areas and southern New South Wales. The rainfall was beneficial for wheat. Dryness remains of more concern in northern New South Wales, while in southern Queensland, occasional light rain events have been more favorable for wheat.

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

Follow him on Twitter @BAndersonDTN

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