Commodities Market Impact Weather
Northern Crop Area Storm Threat
OMAHA (DTN) -- More storm potential in the northwestern Corn Belt, and dry conditions in international wheat areas, are the key weather items for the commodity trade's attention Thursday.
MIXED MIDWEST CONDITIONS
The DTN ag weather forecast calls for mixed Midwest conditions through the next week. Periods of rain showers late in the weekend will hinder harvest progress. The pattern turns drier in the seven-to-14-day period and suggests better harvest conditions going into late October.
NORTHERN CORN BELT WET PATTERN
The northern Corn Belt -- specifically, North Dakota -- has a threat of more wet conditions ahead during the next week. Moderate-to-heavy rain is indicated for central and eastern North Dakota during the Sunday-to-Monday time frame. This moisture will add to harvest disruption and crop damage potential.
DRYNESS IN SOUTHERN PLAINS
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Southern Plains crop areas have mostly dry conditions during the next five to seven days. This combination is unfavorable for winter wheat soil moisture.
DRIER PRAIRIES PATTERN
The Canadian Prairies have a drier pattern for harvest through the coming weekend.
WIDESPREAD BRAZIL RAIN FORECAST
The entire Brazil soybean belt has improved rain for planting in the forecast for the next week.
REDUCED ARGENTINA WHEAT PROSPECT
Argentina's wheat crop areas have had consistent dryness over the past few months. This is leading to ideas of the lowest wheat crop production total in the past three years. The crop is too far along for precipitation to have a meaningful impact.
SCATTERED AUSTRALIA SHOWERS
Southeastern Australia crop areas have mostly light rain indicated through the coming weekend. Wheat production remains on track to be lower than a year ago because of drought.
Bryce Anderson can be reached at bryce.anderson@dtn.com
Follow him on Twitter @BAndersonDTN
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