Commodities Market Impact Weather

OMAHA (DTN) -- Rain crossing the eastern Midwest and a drier trend in Russia spring wheat areas are the key weather items for the commodity trade's attention Wednesday.

EASTERN MIDWEST RAIN

The DTN ag weather forecast calls for light to moderate rain in the eastern Midwest Wednesday. The rain is much needed in this sector of the Midwest. Other areas of the Midwest will have a drier short-term pattern; however, continued chances for precipitation and limited bouts of heat are indicated in the forecast. Crop weather remains favorable for corn and soybean prospects.

INCREASED RAIN IN SOUTHERN PLAINS

Southern Plains crop areas have seen some increase in rainfall over the past week. Rain has been favorable for grain and cotton crops. Additional showers with less extreme heat are indicated in the seven-day forecast.

STORM TO CROSS NORTHERN PLAINS

In the Northern Plains, showers and thunderstorms are in store through the next 10 days. Precipitation from the storms will generally benefit crops; however, severe storms will be a threat.

SCATTERED DELTA AND SOUTHEAST RAIN

Delta and Southeast crop areas have mostly light rainfall in store through the end of the week. Soybeans and cotton in reproductive phases need more moisture as temperatures remain in the 90s Fahrenheit and possibly hotter through the rest of the week.

MIXED PRAIRIES RAINFALL

Canadian Prairies crop areas have scattered showers continuing to move across the region during the rest of the week. Moisture from the shower occurrences will benefit heading to filling wheat.

DRIER TREND IN RUSSIA

Russia's eastern crop areas from the Volga Valley through Siberia have a drier pattern, which brings some caution about spring wheat prospects. Meanwhile, the Black Sea region of Ukraine through South Russia has a generally favorable pattern with periods of showers and seasonal temperatures.

WEEKEND RAIN FOR EUROPE

Rain is indicated across Europe crop areas from the end of this week through the weekend. Western Europe remains in greatest need of precipitation after a very dry late-spring and early summer period.

ADDITIONAL DRYNESS FOR BRAZIL HARVEST

In central Brazil, a continued dry pattern for safrinha corn harvest is in the forecast through the next week. The safrinha harvest in Mato Grosso is in its final 25% of progress.

CONTINUED ARGENTINA RAIN PROSPECT

In central Argentina, light to moderate rain is indicated in the next seven days for most wheat areas. This rain will be beneficial to developing wheat. Temperatures will be closely monitored for the possibility of frost.

EASTERN AUSTRALIA RAIN CHANCE

In Australia wheat areas, moderate to locally heavy rain is in store for portions of the eastern wheat areas, notably in New South Wales, over the next week. The rain will bring additional soil moisture for developing wheat. Some areas of Queensland may also have showers as part of this event.

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

Follow him on Twitter @BAndersonDTN

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