Commodities Market Impact Weather

OMAHA (DTN) -- Rain and snow in the Midwest forecast, and rain indicated to disrupt soybean harvest in central Brazil, are the key weather items for the commodity trade's attention Wednesday.

WET MIDWEST FORECAST

The DTN ag weather forecast calls for rain and snow to maintain very wet conditions in the southern and eastern Midwest during this week. We may also see some delay to travel and transport in areas of heaviest snow. Next week the rain or snow may become more widespread and heavier in the region. The generally pattern is likely to increase concern, again, about spring planting delays.

SOUTHERN PLAINS SNOW

In the Southern Plains, temperatures will turn lower this week, but will not be low enough to cause problems for winter wheat or to be very stressful to livestock. Rain and snow in southern areas maintains favorable soil moisture for winter wheat. Snow may mean some concern for livestock. Also, increasing precipitation and potential cold weather during the six-to-10-day period provides some risk to livestock while continuing to improve moisture in wheat areas.

MIXED NORTHERN PLAINS CONDITIONS

Northern Plains areas have a quiet forecast for the next week, with seasonally cold conditions and no winter storm threat. A generally colder trend with periods of snow is indicated for the region in the six-to-10-day time frame.

MIXED BRAZIL PROSPECTS

A wide variance in rainfall is indicated for major Brazil crop areas. The center-west region, including Mato Grosso, has moderate-to-heavy rain forecast during the next week. This rain will delay soybean harvest and planting of the second-crop corn (safrinha). Southern Brazil will have drier and hotter conditions, causing soil drying and crop stress.

MIDWEEK ARGENTINA RAIN

In central Argentina, locally heavy rain occurred in Cordoba province during the night. This system weakens somewhat as it moves over Santa Fe and northern Buenos Aires Wednesday and Thursday. This rain event is mostly beneficial. Showers in southern areas will continue the next day or two. Cooler weather in this area works its way slowly eastward.

SNOW AND COLDER FOR BLACK SEA

Russia and Ukraine have lower temperatures indicated in the forecast through the next week. There is also likely to be an increase in precipitation through southern and eastern areas. This could mean a significant risk for heavy snow in the region, improving the protective snow cover in wheat areas.

MORE AUSTRALIA DROUGHT

Catastrophic drought remains in place in Australia. Eastern Australia crop areas have had drought return following some rain in the first half of the January. Long-term drought is plaguing the region, with sharply reduced summer crop prospects. The next week offers only light rain for this sector of the continent.

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

Follow him on Twitter @BAndersonDTN

(ES/)

Copyright 2020 DTN/The Progressive Farmer. All rights reserved.