Commodities Market Impact Weather

OMAHA (DTN) -- Stormy conditions for the Midwest and Northern Plains, and better rain chances for central Brazil soybean areas, are the key weather items for the commodity trade's attention Wednesday.

STORMS FOR MIDWEST

The DTN ag weather forecast calls for heavy rains later this week or during this weekend and early next week in the Midwest. This rain pattern will lead to additional risk of flooding, especially over western and north-central areas. Temperatures will also turn lower late in the 10-day period, with some chance of frost in northwestern areas.

FREEZE POSSIBILITY IN NORTHERN PLAINS

In the Northern Plains, a new heavy rain event is expected to develop in the west and spread east during the weekend. This includes snow in Montana, with possibly very heavy snow. Conditions turn very cold for the season as well. The progress of this cold wave begins in Montana and expands into North Dakota. Cold and wet conditions will again delay the spring wheat harvest, and will be unfavorable for maturing corn and soybeans. A hard freeze is likely in central Montana, with a light freeze in store for eastern Montana through central North Dakota.

LIGHT SOUTHERN PLAINS RAIN

In the Southern Plains, central and western areas will have light rain in the next week. This light precipitation, along with above-normal temperatures, will limit wheat planting.

COLD AND WET IN PRAIRIES

In the Canadian Prairies, a season-ending hard freeze is likely during the coming weekend in western and northern sectors. Immature crops will be at risk of damage due to this cold snap. In addition, rain and snow are indicated through the southern Prairies, causing quality and crop loss concerns as well.

RAIN FOR CENTRAL BRAZIL

Brazil's central crop areas have cooler conditions with showers in the forecast through the rest of this week. This change will improve the prospect for soybean planting.

VARIABLE EUROPE RAIN CHANCE

In Europe, light-to-moderate rain is indicated in the forecast through the end of September. Rainfall will offer some relief from extensive dryness. Southern Europe has less rain, with the Iberia Peninsula completely dry.

WESTERN UKRAINE RAIN POSSIBILITY

In the Black Sea region, western and northern Ukraine have a promising round of showers in the forecast through the next week. This will be beneficial. Precipitation in the past three months has been less than 50% of average in much of Ukraine. Russia crop areas have fared better on precipitation and soil moisture.

LIGHT AUSTRALIA RAIN

Light rain is indicated for Australia crop areas during the next week. Wheat prospects are reduced due to extensive drought in Queensland and New South Wales this crop year.

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

Follow him on Twitter @BAndersonDTN

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