Commodities Market Impact Weather

Improving Harvest Prospect

Bryce Anderson
By  Bryce Anderson , DTN Senior Ag Meteorologist
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OMAHA (DTN) -- A more favorable harvest pattern, and continued prospect for beneficial rain in Brazil, are the key weather items for the commodity trade's attention Thursday.

STILL COLD IN MIDWEST

The DTN ag weather forecast calls for extreme cold in the Midwest for a few more days, especially south and east areas. The cold may damage soft red winter wheat; however, snow cover should protect the wheat from the coldest conditions. Harvesting is likely to continue, outside of snow-covered areas, with little precipitation during the next week.

IMPROVED NORTHERN HARVEST TREND

In the Northern Plains, scattered light precipitation during the next week will allow continued progress for the much-delayed soybean and corn harvests. Temperatures continue a rising trend, but a colder pattern is indicated later in the 10-day period.

WARMER TREND FOR SOUTHERN PLAINS

Southern Plains crop areas have been very cold this week, with low temperatures in the single digits and teens Fahrenheit. The cold may have brought some damage to local wheat areas, especially in the west where it is also dry. A warmup in the region is indicated during the coming days, especially north and west. No significant rainfall or snow is forecast during the next seven days.

FAVORABLE BRAZIL RAIN

All crop areas in Brazil continue with 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 2020 soybean crop is projected at a record of more than 123 million metric tons.

MIXED ARGENTINA RAIN PROSPECT

Argentina's crop areas have variable rainfall forecasts through the next week. Western and northwestern areas especially need rainfall due to below normal precipitation during the start of this crop season.

CONTINUED DRY AUSTRALIA FORECAST

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

BENEFICIAL SOUTH AFRICA TREND

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

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

Follow him on Twitter @BAndersonDTN

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Bryce Anderson

Bryce Anderson
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