Commodities Market Impact Weather

OMAHA (DTN) -- Ongoing rain prospects for the Midwest over the next week, and an additional high chance for showers in the Canadian Prairies, are the key weather items for the commodity trade's attention Tuesday.

CONTINUED MIDWEST RAIN

The DTN ag weather forecast again calls for wet conditions through the next seven days across the Midwest, especially southern and eastern areas. Moderate to heavy rain will bring additional disruption to corn and soybean planting in the east and south. It remains very uncertain how much acreage will get planted. Near to below-normal temperatures slow growing-degree-day accumulations for corn. This is also concerning due to late plantings in many areas. Upper-air forecast maps continue to suggest a change to drier and warmer conditions across the region in the next 10 days. This prospect will be closely watched for some improvement in crop development.

NORTHERN PLAINS SHOWERS

In the Northern Plains, increasing rainfall will bring a variable impact. Unplanted crop acreage will have disruption in progress. However, areas which have early crop development will benefit due to a recently dry pattern bringing a need for moisture.

RAINY WEEK FOR SOUTHERN PLAINS

In the Southern Plains, periods of rain this week will be unfavorable for wheat harvest along with row crop development.

CONTINUED PRAIRIES RAIN PROSPECT

In the Canadian Prairies, many key growing areas are expected to see rain of 0.50-1.50 inches during the next five days. While this may not make up for prior deficits it should help improve crop conditions.

FAVORABLE BRAZIL HARVEST PATTERN

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

DRY RUSSIA TREND

Russia and Ukraine continue with 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 IN AUSTRALIA

In Australia, little to no follow-up rain is indicated in the forecast for this week. The 10-day time frame may bring some showers to Western Australia wheat areas.

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

Follow Bryce Anderson on Twitter @BAndersonDTN

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