Commodities Market Impact Weather

OMAHA (DTN) -- Mostly dry, warm weather for a few more days in the Midwest and variable conditions in South America are the key weather items for the commodity trade's attention Tuesday.

DRY, WARM FOR MIDWEST

The DTN Ag Weather forecast calls for mostly dry weather and above to much above normal temperatures during the next three to four days that will favor remaining corn harvest and other fieldwork. After that time, moderate to heavy precipitation will again slow fieldwork.

PROMISING MOISTURE FOR SOUTHERN PLAINS

In the Southern Plains, more precipitation would benefit winter wheat. There is a good chance for needed precipitation to occur later in the five-day period and again for southern areas later in the six-to-10-day period. No significant concerns through the feedlots at this time. However, at this time of the year whenever the activity picks up there is at least some risk of either muddy feedlots developing or rain changing to snow.

MOSTLY DRY IN NORTHERN PLAINS

The Northern Plains will have mostly dry or only a little light precipitation and above to sometimes near normal temperatures during the next seven days. This will allow some corn harvest to occur and is also favorable for livestock.

MOSTLY FAVORABLE IN BRAZIL

There's mostly favorable conditions for developing corn and soybeans throughout the major growing areas of Brazil at this time. The hotter, drier trend in Rio Grande do Sul may need to be watched as soils in the area will dry out quickly under this type of a pattern without further rains before too long. Hot and dry weather over northeast areas is affecting soybean planting and development with crop losses likely.

VARIABLE ARGENTINA WEATHER

In Argentina, key growing areas in Cordoba and Santa Fe will benefit from additional showers and thundershowers at the end of this week. Dryness remains of significant concern over La Pampa, west and south Buenos Aires and even southern Cordoba. Not many showers are in the forecast for these locations during the next seven days. Cold front passages allow a few showers and brief one-to-two-day cooler periods, but unless rain is heavier than expected, the hot weather will return not long after the cold fronts move away.

WET WEATHER IN WESTERN 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

Dryness remains of much concern in key summer crop growing areas at this time in Australia. 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, rainfall is expected to average near to below normal through northern and eastern areas with temperatures near to above normal. This is diminishing soil moisture and increasing stress to crops. There will be somewhat more showers for southwest growing areas at least during the next five days.

CHINA AND INDIA SHOWERS

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

Elaine Shein can be reached at elaine.shein@dtn.com

(CZ)

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