Commodities Market Impact Weather

OMAHA (DTN) -- Mild conditions in the Midwest, and a beneficial pattern in Russia, are the key weather items for the commodity trade's attention Monday.

MILD MIDWEST TEMPERATURES

The DTN ag weather forecast calls for mostly favorable conditions for pollinating corn and developing soybeans in the Midwest, with no significant hot weather and generally enough rainfall to maintain crops. In areas that are a little dry, crops will be able to tap abundant subsoil moisture. The main concern for corn and soybeans is the slow development due to late plantings in the spring. Crops will need an extended growing season to make it to maturity.

FAVORABLE IN NORTHERN PLAINS

Northern Plains crop areas have generally favorable weather for developing corn and soybeans. However, crop development is well behind normal, making crops vulnerable to damage if an early freeze develops this season.

PRAIRIES STAY COOL

Canadian Prairies crop areas again 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.

SCATTERED EUROPE SHOWERS

Two extreme and record-breaking heat waves this season in Europe have caused crop loss and threaten later-season crop production. Scattered thunderstorms during the weekend eased the intense heat wave; however, little soil moisture benefit is expected.

BENEFICIAL BLACK SEA PATTERN

In the Black Sea region, favorable conditions for crops remain in effect, with no significant heat or dryness indicated in Ukraine through western Russia.

COOLER BUT DRY IN VOLGA VALLEY

In eastern Russia crop areas, cooler temperatures will ease stress to crops. However, more rain is needed.

FAVORABLE INDIA MONSOON RAIN

Late-developing but beneficial India monsoon rains continue in most primary crop areas this week.

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

Follow him on Twitter @BAndersonDTN

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