Commodities Market Impact Weather

Favorable South America Trend

Bryce Anderson
By  Bryce Anderson , DTN Senior Ag Meteorologist
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OMAHA (DTN) -- Favorable conditions for most South America crop areas, and a dry week ahead in 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 a dry trend in the Midwest during the coming week. This will cause some reduction in snow cover. Soils remain saturated, with much concern about the prospect of significant fieldwork delays this spring.

SOUTHERN PLAINS SNOW FORECAST

In the Southern Plains, moderate to locally heavy snow is expected to move through the region Tuesday. This will bring some stress to livestock. However, moisture from the snow will benefit winter wheat.

BENIGN NORTHERN PLAINS TREND

Across the Northern Plains, above normal temperatures and dry conditions highlight the forecast through this week. This will help reduce snow cover and provide favorable conditions for livestock.

FAVORABLE BRAZIL PATTERN

Across Brazil, conditions are mostly favorable for filling soybeans in the major growing areas. The early harvest is increasing in central Brazil. Some beneficial rain occurred in northeast Brazil last week where dry weather has affected planted acreage, which will lower expected production. A return to drier weather is expected mid to late week.

MIDWEEK ARGENTINA RAIN FORECAST

Argentina crop areas have mostly favorable weather for pollinating and filling corn and developing and filling soybeans in the major central growing areas. Southern sectors are drier. A line of showers and thunderstorms is indicated during the middle of the week. This would be important and useful moisture.

STILL MILD IN BLACK SEA REGION

In the Black Sea region, temperatures continue to be above normal, with no cold wave expected through the coming week.

FAVORABLE SOUTH AFRICA CONDITIONS

In South Africa, crop weather conditions remain favorable. Production estimates are higher than a year ago.

MINIMAL AUSTRALIA RAIN BENEFIT

Recent rounds of rain in Australia have brought no appreciable improvement to crop prospects following damaging drought.

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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