Commodities Market Impact Weather

OMAHA (DTN) -- Unsettled conditions across the north-central U.S., and widespread for Brazil crop areas, are the key weather items for the commodity trade's attention Wednesday.

STILL-SLOW MIDWEST HARVEST

The DTN ag weather forecast calls for a series of fast-moving storms systems, nicknamed "clippers", to keep an unsettled weather pattern in place over the north-central U.S. during the next week to 10 days. These quick-moving storm systems will bring periods of snow and mixed precipitation, along with occasions of low temperatures and strong winds. Harvest in the northern Corn Belt will continue to move at a slow pace due to this setup. Corn harvest remains well behind average in the Midwest, the slowest since 2009.

MIXED NORTHERN PLAINS CONDITIONS

In the Northern Plains, episodes of light precipitation during the next week will continue to bring some disruption to harvest. Temperatures will be very low through the end of the week, followed by a milder trend during the coming weekend.

WARMING IN SOUTHERN PLAINS

Local areas in the Southern Plains may have sustained some cold wave damage to winter wheat, especially in drier western areas. The temperature trend will be much higher through the balance of this week, and continue through the six-to-10-day period. There is also a chance for increased rainfall.

WIDESPREAD BRAZIL RAIN

All crop areas in Brazil have moderate to heavy rain indicated in the seven-day forecast. This includes the previously dry northeastern sector. Soil moisture is at favorable levels. Brazil's agricultural agency projects a record soybean crop in 2019-20 of more than 123 million metric tons.

VARIABLE ARGENTINA SHOWER CHANCE

Argentina's crop areas have light to moderate rain indicated through the next week. Coverage and amounts will be variable. Western and northwestern areas especially need rainfall due to below normal precipitation during the start of this crop season.

DRY AUSTRALIA FORECAST

Drought continues in Australia wheat areas. There is again no significant rain is indicated for the next 10 days. Wheat prospects have been lowered due to drought. Drought has also intensified wildfire activity.

FAVORABLE SOUTH AFRICA TREND

South Africa has periodic showers and variable temperatures offering improved conditions for planting and early development of corn and sugarcane.

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

Follow him on Twitter @BAndersonDTN

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