Commodities Market Impact Weather

OMAHA (DTN) -- Midwest harvest disruption due to rain and snow, and large differences in forecast rain across Brazil, are the key weather items for the commodity trade's attention Tuesday.

COLD AND WET IN MIDWEST

The DTN ag weather forecast calls for much of the Midwest to have rain and snow during the midweek time frame. This moisture, along with low temperatures, will be unfavorable for harvest. Corn harvest, at 41% complete, and soybean harvest, at 62% complete, are both the slowest in 10 years.

DRIER FOR NORTHERN PLAINS HARVEST

The Northern Plains will be cold and dry during this week. This will allow improved harvest conditions.

WINTRY IN SOUTHERN PLAINS

Southern Plains crop areas will have a round of winter-like cold during the next few days. The colder pattern will be accompanied by rain and snow. Crop conditions are favorable; the Kansas early-season winter wheat rating of 55% good to excellent is notably higher than 42% good to excellent at this time a year ago.

DRY AND COLD IN PRAIRIES

In the Canadian Prairies, a cold and dry pattern this week will be more favorable for harvesting.

VARIABLE BRAZIL MOISTURE

Across Brazil, rainfall will be a wide variation. Northern crop areas have light to moderate amounts. Central and south-central areas will have light amounts. Southern areas will have heavy amounts with flood potential. The large soybean producing state, Mato Grosso, has moved to average for this time of the year on rainfall, which is an improvement for soybean soil moisture.

IMPROVED ARGENTINA MOISTURE

In Argentina, increasing showers will help to improve soil moisture for planting and early growth of corn.

MINIMAL BLACK SEA MOISTURE

In the Black Sea region, Russia and Ukraine have no precipitation forecast through the next five days. This dry spell will add to soil moisture deficits and drought concern in northern and western Ukraine.

ISOLATED AUSTRALIA SHOWERS

Wheat areas across Australia remain dry during the balance of this week. Drought has sharply reduced wheat crop prospects.

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

Follow him on Twitter @BAndersonDTN

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