Commodities Market Impact Weather

OMAHA (DTN) -- Drier conditions to favor central Brazil soybean harvest, and a stormy and cold week ahead in the Midwest, are the key weather items for the commodity trade's attention Monday.

COLD AND STORMY IN MIDWEST

The DTN ag weather forecast calls for a cold and stormy week across the Midwest, following a round of heavy snow in some northern portions of the region during the past weekend. Heavy snow was noted from Minnesota to Michigan, while the southern Midwest had rain. The pattern remains active this week, with more rain and possible flooding in the southern and eastern Midwest, and bitter Arctic cold in the northern areas. Saturated soils remain very concerning in assessing fieldwork prospects for the coming spring season.

SOUTHERN PLAINS SNOW

In the Southern Plains, a colder trend is in store for the coming week. However, bitter cold is not forecast. Southern sectors will have rain and snow, offering favorable moisture for winter wheat.

ARCTIC COLD FOR NORTHERN PLAINS

A harsh outbreak of Arctic cold is in store for the Northern Plains during the next week. Temperatures will fall to well below zero Fahrenheit, with wind chill index values reaching minus 40 F. Bitter cold, strong winds and periods of snow will lead to a threat of blizzard conditions during midweek. A more seasonal trend is indicated in the eight to 14-day time frame.

SOUTHERN BRAZIL RAIN FORECAST

Across Brazil, southern areas had mostly light rain during the past weekend, which brought marginal soil moisture benefit. Portions of central Brazil had heavy rain. The seven-day forecast offers lighter rain in central Brazil, which will improve soybean harvest and safrinha corn planting conditions.

FAVORABLE ARGENTINA RAIN

Argentina had moderate-to-heavy rainfall for many areas over the last week, easing concerns over dryness. A drier trend is in store this week, but not stressful following the rainfall. Another rain prospect is indicated later in the seven-day period.

MIXED BLACK SEA TEMPERATURE FORECAST

Russia and Ukraine had a brief cold pattern through the weekend. Some in portions of the region brought soil moisture along with some cover from the cold. The pattern turns warmer during the coming week.

BENEFICIAL SOUTH AFRICA TREND

In South Africa, consistent rounds of showers offer favorable moisture for reproductive corn and sugarcane.

EASTERN AUSTRALIA SHOWERS

Eastern Australia crop areas had light-to-moderate rain over the past weekend. The moisture brought some easing of the extreme drought; however, there is little additional rain in the forecast.

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

Follow him on Twitter @BAndersonDTN

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