Commodities Market Impact Weather

OMAHA (DTN) -- Favorable conditions in most of South America, and a dry week for the central United States, are the key weather items for the commodity trade's attention Monday.

DRY WEEK FOR MIDWEST

The DTN ag weather forecast calls for dry conditions and above to much above normal temperatures across the Midwest during the next five days. This combination will favor the remaining corn harvest and other fieldwork. After that time period, increasing precipitation will again slow fieldwork.

PROMISING MOISTURE FOR SOUTHERN PLAINS

In the Southern Plains, a good chance for needed precipitation to occur is indicated during the five-to-10-day forecast period. There is no significant cold weather threat during this time.

WARM AND DRY IN NORTHERN PLAINS

Across the Northern Plains, a warm and dry pattern during the next week will allow some corn harvest to occur and favor livestock.

MOSTLY FAVORABLE IN BRAZIL

Major soybean areas of Brazil have favorable moisture conditions. Southern areas have a drier trend forecast for this week, which will bear watching. Northeastern areas remain dry with production concern.

ARGENTINA SHOWER WATCH

Argentina's central crop areas of Cordoba and Santa Fe have a more favorable crop weather pattern at this time. Drier conditions with some heat stress are possible in Buenos Aires and La Pampa. These areas have some increased showers forecast during the coming week.

HEAVY EUROPE RAIN

In Europe, wet weather in western Europe remains a concern, although it may turn somewhat drier during the next 10 days.

FAVORABLE BLACK SEA CONDITIONS

Eastern Europe through Ukraine and western Russia remain very warm. Rain chances are also in store for this region. Mild weather will allow moisture to soak into the soil profile and benefit winter wheat.

CHRONIC AUSTRALIA DROUGHT

Australia's historic drought 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.

VARIABLE SOUTH AFRICA TEMPERATURES

In South Africa, hot conditions late last week and early in the weekend gave way to more scattered thundershowers and somewhat lower temperatures later in the weekend.

CHINA AND INDIA SHOWERS

Recent rainfall in India and increasing precipitation in China will improve conditions for winter wheat and rapeseed crops.

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

Follow him on Twitter @BAndersonDTN

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