Commodities Market Impact Weather

OMAHA (DTN) -- A cool trend continuing in the Midwest, and a brief hotter trend in the Black Sea region, are the key weather items for the commodity trade's attention Wednesday.

COOL MIDWEST PATTERN

The DTN ag weather forecast calls for mainly cool conditions to remain in the Midwest through the next week. Crop development will continue at a pace which lags the average by around two weeks. Showers that have occurred this week in the eastern Midwest were welcome following a dry spell in the past six weeks. Forecast indications point to conditions staying mild through September; this prospect will be closely watched.

LATE PROGRESS IN NORTHERN PLAINS

Northern Plains' crop areas continue with generally favorable conditions for developing corn and soybeans, with mostly adequate moisture and no significant heat stress. Crop development is behind normal in most areas.

LAGGING PRAIRIES DEVELOPMENT

Canadian Prairies crop development remains behind normal, and a fall freeze could mean significant damage or quality reductions. This is especially the case as it concerns canola. Temperatures will remain below normal during the next five days, which will further slow development of crops. The longer-range outlook is more uncertain, but shows indications of remaining cool.

EUROPE SHOWERS

Across Europe, recent rainfall and lower temperatures will ease stress to corn in western and central Europe. Hot, dry weather in July coincided with tasseling and silking corn. This, along with dry soils will lead to some yield losses. Rain and lower temperatures ease stress to soybeans and sunflowers.

BRIEF BLACK SEA HEAT WAVE

In the Black Sea region, Russia and Ukraine have seen an early-week round of heat, with temperatures reaching into the 90s Fahrenheit. This heat will move east and south by the end of the week. No significant crop stress is expected.

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

Follow him on Twitter @BAndersonDTN

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