Commodities Market Impact Weather

OMAHA (DTN) -- Warm and dry conditions in the central United States, and widespread rain for South America, are the key weather items for the commodity trade's attention Thursday.

DRY MIDWEST TREND

The DTN ag weather forecast calls for dry conditions in the western and northeastern Midwest to favor some harvest activity for at least another week. Harvest disruptions over southern and eastern areas are in effect due to snow cover and wet conditions after the precipitation event this week, but this should improve with time.

VARIABLE SOUTHERN PLAINS PROSPECT

The Southern Plains will be dry and warm during the next week. There are no significant concerns for livestock. Winter wheat areas could use more precipitation. There is some chance for increasing rainfall in this area late in the 10-day period or early in the 11-15-day period.

A THAW IN NORTHERN PLAINS

The Northern Plains continue with 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.

FAVORABLE BRAZIL RAIN

Across Brazil, showers and thundershowers through the southern and south-central growing areas will bring generally favorable rain for crops. Central areas have a daily shower chance for continued favorable soybean crop moisture. Despite consistent rainfall, soybean rust occurrence has been limited so far this season in Brazil.

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.

LIMITED BLACK SEA SNOW COVER

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. This means no protective snow cover in the event of an unexpected cold snap.

AUSTRALIA DROUGHT DEEPENS

Drought conditions continue to deepen in Australia, evidenced by a new wildfire outbreak in New South Wales. Wheat production is on pace to be the lowest since 2007.

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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