Commodities Market Impact Weather

OMAHA (DTN) -- A forecast for wet conditions to end February in the central United States, and continued favorable conditions for Brazil soybean harvest, are the key weather items for the commodity trade's attention Wednesday.

WET MIDWEST 10-DAY FORECAST

The DTN ag weather forecast calls for dry conditions and below normal temperatures in the Midwest through the Feb. 22-23 weekend. The six-to-10-day period features cold conditions and prospects for moderate-to-heavy precipitation as rain and snow. This moisture will add to wet soil and flood concern to end the month of February.

SOUTHERN PLAINS SNOW

Snow is indicated for much of the Southern Plains through Thursday. The six-to-10-day period features rain and snow, with possibly heavy amounts. This moisture, along with cold conditions, will be stressful for livestock and transportation, while offering improvement for winter wheat soil moisture.

HARSH NORTHERN PLAINS COLD

A harsh Arctic cold wave is in store for the Northern Plains during midweek. Temperatures will moderate through the end of the week. However, the pattern turns colder with the prospect of heavy snow during the next week to 10 days.

STILL FAVORABLE IN BRAZIL

Brazil crop conditions remain generally favorable. Northern and central areas have periods of showers offering favorable moisture for second-crop corn, while bringing only minor delays to soybean harvest. Harvest progress is in line with average. Production estimates continue to point to a record crop in 2020. Southern and northeastern crop areas will be drier; however, little impact to the total soybean crop size is expected.

COOLER IN ARGENTINA

Argentina temperatures will be below normal through the next week, thus limiting stress from a drier trend.

STILL WARM AND DRY IN BLACK SEA

Russia and Ukraine continue with above normal temperatures through the next 10 days. Soil moisture is in short supply in much of Ukraine.

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

Follow him on Twitter @BAndersonDTN

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