Commodities Market Impact Weather

OMAHA (DTN) -- A dry pattern again for the eastern Midwest, and additional favorable conditions in Russia, are the key weather items for the commodity trade's attention Monday.

VARIABLE MIDWEST CONDITIONS

The DTN ag weather forecast shows variable conditions. Generally favorable temperatures are in effect for pollinating and filling corn and developing and filling soybeans. Dry conditions in the eastern Midwest are stressing corn and soybeans. Crop development remains well behind normal in many areas. An early fall freeze could do major damage to crops this year.

LATE NORTHERN PLAINS CROPS

Northern Plains crop areas have generally favorable crop conditions. However, seasonal to below-normal temperatures will hinder crop development. Crop progress is well behind average because of extensive planting delays during the very wet spring. The region needs a late fall freeze to allow crops to fully develop.

CANADIAN PRAIRIES DRYNESS

Canadian Prairies crop areas have a mixed rainfall forecast this week. Southwestern areas have the greatest impact due to the dry pattern. Mostly favorable conditions are in effect elsewhere. The canola crop would be vulnerable to an early freeze.

MIXED EUROPE TRENDS

Across Europe, hot weather in western and central Europe in July coincided with corn pollination. This, along with dry soils, will lead to some yield losses. Some losses are also possible to oilseeds, but they were not as vulnerable at that time. The pattern has turned milder recently. Meanwhile, southeast Europe has favorable crop conditions.

BENEFICIAL BLACK SEA TREND

In the Black Sea region, the pattern remains beneficial for crops, now in the fifth week of near- to below-normal temperatures and periods of rain.

LATE-SEASON EASTERN RUSSIA RAIN

In eastern Russia crop areas, most of the region has either received useful rain, or has rain this week.

FAVORABLE INDIA MONSOON RAIN

Additional late but beneficial India monsoon rains continue in most primary crop areas.

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

Follow him on Twitter @BAndersonDTN

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