Commodities Market Impact Weather

OMAHA (DTN) -- Beneficial rain in much of South America, and a milder trend for the central United States, are the key weather items for the commodity trade's attention Friday.

DRY AND WARMER IN MIDWEST

The DTN ag weather forecast calls for dry conditions and above to much above normal temperatures in the Midwest through the upcoming holiday week. This combination will favor the remaining corn harvest and other fieldwork.

POSSIBLE MOISTURE FOR SOUTHERN PLAINS

In the Southern Plains, more precipitation would benefit winter wheat. Some significant precipitation is possible during the eight-to-10-day period.

MILD IN NORTHERN PLAINS

Across the Northern Plains, mostly dry weather and near to above normal temperatures during the next week will allow some corn harvest to occur and favor livestock.

ADDITIONAL BRAZIL RAIN PROSPECT

Major soybean areas of Brazil have favorable conditions, with consistent rainfall. Weekend rain totals of 1 to 3 inches (25 to 75 millimeters) are expected. Hotter and drier conditions are confined to the minor northeast areas at this time.

ARGENTINA SHOWERS

Argentina's south-central crop areas had moderate to locally heavy rain Thursday night into Friday morning. This is timely moisture for a portion of Argentina which has been drier recently. A return to mostly dry and hot weather is expected during the early to middle part of next week. There is a chance for a new round of showers and thunderstorms are possible later next week.

WARM AND DRY IN BLACK SEA

In the Black Sea region, temperatures are expected to average at least six to 12 degrees above normal Fahrenheit during the next five days or longer. This means no protected snow cover in the event of an unexpected cold snap.

CONTINUED DAMAGING AUSTRALIA DROUGHT

Catastrophic drought in Australia has already sharply reduced wheat production prospects. In addition, drought impact to sorghum, cotton and sugarcane can be expected. Sorghum and cotton are normally more drought resistant than other crops, and cotton is mostly irrigated. However, the extreme nature of this drought and heat pattern is still likely to affect these crops.

BENEFICIAL SOUTH AFRICA MOISTURE

South Africa maize areas received heavy rainfall during the early part of December. This means adequate to surplus soil moisture for early planted crops. Shower activity will be limited during the next five days.

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

Follow him on Twitter @BAndersonDTN

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