Commodities Market Impact Weather

OMAHA (DTN) -- Additional heavy rain for the Midwest over the next week, and a high chance for showers in the Canadian Prairies, are the key weather items for the commodity trade's attention Monday.

MORE MIDWEST FLOODING

The DTN ag weather forecast calls for near-general coverage of moderate-to-heavy rain over all but the northern Midwest during the next seven days. The prevailing wet conditions will continue to disrupt and delay corn and soybean planting, especially over southern and eastern areas. Additional loss of acreage to prevented planting is possible. Near- to below-normal temperatures slows growing-degree=day accumulations for corn. Forecast maps point to a warmer and drier period forming at the end of June into early July. This trend will be closely watched.

STILL COOL IN NORTHERN PLAINS

In the Northern Plains, a recent trend of lighter rainfall is favorable for progress with corn and soybean planting. Near- to below-normal temperatures raise concerns due to the lack of growing-degree-day accumulations. Cool, unsettled weather favors developing spring wheat.

WIDESPREAD SOUTHERN PLAINS RAIN

In the Southern Plains, moderate-to-heavy rain during the next week will be unfavorable for wheat harvest along with row crop development.

RAINY FOR PRAIRIES

Across the Canadian Prairies, rainfall prospects are improving, notably in west-central and south areas. Temperatures at near- to mostly-below-normal levels will slow development of crops.

FAVORABLE BRAZIL HARVEST PATTERN

Across Brazil, the pattern continues to offer warm and dry conditions for harvest of the safrinha corn crop.

WARM AND DRY IN RUSSIA

Russia and Ukraine have above-normal temperatures and below-normal rainfall in the forecast during this week. Filling wheat and developing row crops may have increasing stress due to these conditions.

DRY WEEK FOR AUSTRALIA

In Australia, little to no follow-up rain is indicated in the forecast for this week. The 10-day time frame features a promising round of showers for Western Australia wheat areas.

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

Follow him on Twitter @BAndersonDTN

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