Commodities Market Impact Weather

OMAHA (DTN) -- Late-week heavy rain in the Midwest and a variable rain pattern forecast for the Southern Plains are the key weather items for the commodity trade's attention Thursday.

MORE MIDWEST RAIN

The DTN ag weather forecast once again calls for very wet conditions for possibly another full seven-day period across the Midwest. Heavy rain is indicated in the forecast for the region, which will continue to disrupt planting. The primary focus now is on soybean planting; extensive acreage loss is feared, as has already been identified with corn acreage loss. The main focus of prevented planting concern is now in southern and eastern areas. In addition, near- to below-normal temperatures will slow the growing degree day accumulations for crops. This is also a concern because of late plantings in many areas. The six-to-10-day period offers warmer and drier conditions. This prospect will be closely watched for some improvement in prospects for development of established crops.

NORTHERN PLAINS RAIN

In the Northern Plains, moderate-to-heavy rain is in store through the weekend. The rain will cause further issues with soybean planting disruption. However, areas that have been recently dry will benefit from the precipitation, notably in northern North Dakota.

VARIABLE SOUTHERN PLAINS RAIN

In the Southern Plains, periods of rain through the weekend will be unfavorable for wheat harvest. The pattern turns warmer and drier in the six-to-10-day time frame, offering improved harvest conditions.

GOOD PRAIRIES RAIN CHANCE

In the Canadian Prairies, many key growing areas are expected to see moderate-to-locally heavy rain during the next five days. Rainfall is much needed following a very dry spring.

BENEFICIAL BRAZIL HARVEST PATTERN

Across Brazil, the forecast offers warm and dry conditions for continued harvest progress of the safrinha corn crop.

WARM AND DRY RUSSIA TREND

Russia and Ukraine crops may have increasing stress over the next week due to above-normal temperatures and below-normal rainfall.

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 him on Twitter @BAndersonDTN

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