Commodities Market Impact Weather

OMAHA (DTN) -- Dryness developing in the Midwest, and more extreme heat in Europe, are the key weather items for the commodity trade's attention Friday.

DRYNESS FORMS IN MIDWEST

The DTN ag weather forecast calls for variable rain in the Midwest over the next week. Northern areas have moderate to locally heavy amounts; central and southern areas will be drier. The first stages of drought are now identified in the central Midwest. Seasonal temperatures will ease dryness impact. Crops are well behind average in development due to the late planting season.

LIMITED SOUTHERN PLAINS RAIN

In the Southern Plains, hot and dry conditions are indicated through the next week to 10 days. This combination will be stressful to row crops; irrigation usage will be extensive through the first week of August.

NORTHERN PLAINS SHOWERS

Northern Plains crop areas have several rounds of showers and thunderstorms indicated in the forecast through the next week. Highest-chance sectors are in the eastern half of the region. Rain will offer benefit for crop development. Crop progress remains late following the delayed planting season.

COOL PRAIRIES PATTERN

Canadian Prairies crop areas have mostly below-normal temperatures indicated in the seven-day forecast. This trend is unfavorable for crops due to late development. Shower activity will mainly favor northern areas.

EXHAUSTING EUROPE HEAT WAVE

Many locations in Europe recorded all-time high temperatures Thursday. Two severe heat waves this season have caused crop loss and threaten later-season crop production. Scattered thunderstorms during the weekend will ease the intense heat wave; however, little soil moisture benefit is expected.

FAVORABLE BLACK SEA TREND

In the Black Sea region, periodic showers for corn and sunflower crops in south and east Ukraine through west and south Russia continue in the forecast through the next 10 days. Rainfall will benefit crops.

COOLER VOLGA FORECAST

In eastern Russia crop areas through Kazakhstan, hot and dry conditions have recently affected spring wheat areas. A more variable temperature pattern is likely during the next week or more. There is no indication of significant heat. There is actually some risk that very cool weather will move into the region next week.

BENEFICIAL INDIA MONSOON RAIN

Late-developing but beneficial India monsoon rains have occurred in the past week over west-central and northern crop areas. Additional monsoon rains are expected during the next week.

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

Follow him on Twitter @BAndersonDTN

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