Commodities Market Impact Weather

OMAHA (DTN) -- Surges of cold conditions for the northern Midwest, and moisture concerns in Argentina, are the key weather items for the commodity trade's attention Friday.

NORTHERN MIDWEST SNOW CHANCE

The DTN ag weather forecast calls for significant snow prospects in the northwestern Midwest with an Alberta Clipper moving through the northwest belt this weekend. Rain may develop through southeast and east areas early next week. Fieldwork will be limited during this period, especially in the northwest due to snow cover and additional weekend snow. A cold surge next week will be watched in terms of potential for impact to soft red winter wheat. The early call suggests that the cold will not be severe enough to cause significant concerns.

SNOW AND COLD FOR NORTHERN PLAINS

The Northern Plains is in line for snow later this weekend ahead of an Arctic cold wave surge. Snow is most likely in west and south areas. Livestock stress will increase due to snow followed by extreme cold. Harvest and fieldwork will be minimal to completely stranded.

LIMITED SOUTHERN PLAINS PRECIPITATION

In the Southern Plains, no significant rain is expected during the next 10 days. Dryness is of increased concern through southwest growing areas. It appears that the Northern Plains-Midwest cold surge early next week will not significantly affect the hard red winter wheat belt. It will still be watched, however.

ADDITIONAL BRAZIL RAIN PROSPECTS

Brazil has favorable conditions for developing soybeans and full season corn throughout the major growing areas with beneficial rains last week and more showers during this week as well. Above normal temperatures and below normal rainfall continues to affect soybean planting and development in the minor northeast areas.

DRYNESS WATCH IN ARGENTINA

Across Argentina's crop areas, there is increasing concern over expanding dryness across Buenos Aires at this time. The only shower system of note during the next 10 days is with a cold front passage next Wednesday. However, hot weather with highs well into the 90s Fahrenheit, will occur ahead of this cold front. Impacts to vegetative and reproductive wheat have already been reported. Stress to corn, soybeans and sunflower will increase if rainfall does not improve. Planting progress might also slow in some locations due to the dryness. We see more favorable conditions for crop areas in Cordoba and Santa Fe at this time.

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

Follow him on Twitter @BAndersonDTN

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