Commodities Market Impact Weather

Additional Midwest Precipitation

Bryce Anderson
By  Bryce Anderson , DTN Senior Ag Meteorologist
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OMAHA (DTN) -- Wet conditions keeping Midwest soils saturated, and more variability in the rain forecast for South America, are the key weather items for the commodity trade's attention Thursday.

MORE MIDWEST RAIN AND SNOW

The DTN ag weather forecast calls for periods of rain and snow in the Midwest to remain in place through the end of the week. This precipitation will keep soils saturated. The very wet conditions are expected to lead to fieldwork and planting delays in the spring unless a drier weather pattern develops. A warmer pattern for at least the next two weeks will favor soft red winter wheat.

LIGHT SOUTHERN PLAINS PRECIPITATION

In the Southern Plains, improving soil moisture and no major cold weather events will favor overwintering wheat. There are no major concerns for livestock in the feedlot areas. Precipitation chances in the region are limited during the next week to 10 days, with shower prospects the greatest during Jan. 27-Jan. 28.

MILD IN NORTHERN PLAINS

Across the Northern Plains, continued mild weather is indicated through the next week. This will ease snow cover and provide favorable conditions for livestock.

MIXED BRAZIL RAIN

Across Brazil, central and northeastern crop areas have had periods of heavy rain during the past several days. The rain slowed soybean harvest, but is also leading to improved soil moisture for cotton and safrinha corn planted following the soybean harvest. Southern Brazil crop areas have lighter rain amounts forecast.

DRY ARGENTINA FORECAST

Argentina crop areas have little to no rain indicated in the forecast through the end of the week. Conditions are going to be very warm to hot as well, leading to evaporation of soil moisture. Dryness concern will increase if the pattern continues through the end of the month.

STILL WARM IN BLACK SEA REGION

In the Black Sea region, there are no cold-air threats to winter grains in Ukraine and Russia through the next week.

DRIER SOUTH AFRICA FORECAST

In South Africa, crop weather conditions remain favorable. Production estimates are higher than a year ago. A drier forecast for the next 10-day period will bear watching.

VARIABLE AUSTRALIA RAIN PROSPECT

Across Australia, Queensland is in line for moderate to heavy rain during the next week. Other crop areas have no more than light rain indicated.

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

Follow him on Twitter @BAndersonDTN

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Bryce Anderson

Bryce Anderson
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