Commodities Market Impact Weather

OMAHA (DTN) -- A differentiated trend for Midwest harvest, and widely variable rainfall across Brazil, are the key weather items for the commodity trade's attention Thursday.

VARIABLE MIDWEST TREND

The DTN ag weather forecast calls for rain and snow in the central and eastern Midwest to be unfavorable for harvest during this week. Drier and continued cold conditions through the next week to 10 days will enable progress. The overall pace remains very slow due to extensive rain-related delays this season.

COLD AND DRY IN NORTHERN PLAINS

The Northern Plains will be cold and dry through the end of the week. This will allow for improved harvest conditions. Light mixed precipitation in the next week to 10 days will bring some scattered harvest slowdowns.

SOUTHERN PLAINS WINTER MIX

In the Southern Plains, soil moisture is generally favorable for winter wheat development in central and eastern areas. Western sectors have drought conditions. A drier period helps to improve conditions for livestock and transport into next week. Much below normal temperatures will slow the pace of development.

COLD FOR PRAIRIES HARVEST

In the Canadian Prairies, a continued cold and dry pattern is more favorable for harvest.

CENTRAL BRAZIL DRYNESS

Across Brazil, above normal temperatures and below normal rainfall this week in Parana and Mato Grosso will deplete soil moisture, increasing stress on developing soybeans and possibly slowing planting. This situation bears watching. Later next week there is some chance for improved rainfall in Parana and a cooler period. In southern areas, Rio Grande do Sul will have moderate to heavy rain, slowing fieldwork and producing flooding.

DRY IN WESTERN ARGENTINA

In Argentina, western crop areas are dry, with short to very short soil moisture. Eastern areas have adequate supplies. Rainfall in the next week will focus on eastern crop areas, with very little rain in the forecast.

WESTERN AUSTRALIA SHOWERS

Western Australia wheat areas had light rain showers Wednesday. The rain offered only slight benefit to the drought-reduced wheat crop. Southeastern areas continue with moderate to heavy rain prospects over the next week.

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

Follow him on Twitter @BAndersonDTN

(ES/)

Copyright 2019 DTN/The Progressive Farmer. All rights reserved.