Commodities Market Impact Weather

OMAHA (DTN) -- A mild and dry pattern for the central U.S., and continued rainfall over major Brazil production areas, are the key weather items for the commodity trade's attention Wednesday.

VARIABLE MIDWEST MOISTURE

The DTN ag weather forecast calls for a dry Midwest pattern through the next week, offering harvest progress chances for the late harvest. Southern and eastern areas will have slower progress due to recent snow and wet conditions.

LONGER-RANGE SOUTHERN PLAINS PRECIPITATION

In the Southern Plains, dry and warm conditions are in store during the next week. Winter wheat areas could use more precipitation. There is some chance for increasing rainfall in this area later in the next 10 days, and early in the 11-to-15-day period.

MILD IN NORTHERN PLAINS

The Northern Plains will have warmer weather and no significant precipitation during the next week. Conditions will be favorable for livestock. There will also be some chance for late harvest progress.

MIXED BRAZIL PRECIPITATION

Across Brazil, northeast crop areas remain dry. Elsewhere, moderate to heavy rainfall in the next week offers continued favorable crop moisture.

SCATTERED ARGENTINA RAIN

Argentina's Buenos Aires state has a prospect for moderate rainfall in the next week. This chance will be closely watched due to recent drier conditions in this portion of the main Argentina crop areas.

WARM IN BLACK SEA REGION

In the Black Sea region, Ukraine and Russia have a dry and very warm forecast. Temperatures are expected to average at least six to 12 degrees above normal Fahrenheit during the next week.

ONGOING AUSTRALIA DROUGHT

Drought conditions remain in place across Australia. Extensive cutback in wheat production is already anticipated. Drought loss is now indicated as a strong possibility for summer crops.

FAVORABLE SOUTH AFRICA MOISTURE

Most South Africa crop areas have favorable moisture following recent rains. A drier trend in the next week offers very low crop stress potential.

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

Follow him on Twitter @BAndersonDTN

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