Commodities Market Impact Weather

OMAHA (DTN) -- The impact of early week storms in the Midwest and increased corn crop estimates in Brazil are the key weather items for the commodity trade's attention Tuesday.

MIDWEST RAIN AND WINDSTORMS

The DTN Ag Weather forecast calls for a mixed impact from strong early week thunderstorms. A complex of very strong thunderstorms moved across the central portions of the region Monday. A swath of the region from Iowa to Indiana sustained extensive wind damage to crops and storage facilities. Meanwhile, moderate to locally heavy rain was beneficial, especially for drier areas of Iowa, southern Wisconsin, and northern Illinois. Most areas remain in favorable conditions for filling corn and soybeans. Most sectors continue with showers for the rest of the week except for the Great Lakes.

VARIABLE SOUTHERN PLAINS SHOWERS

The Southern Plains will have periods of showers through this week over all but the far southwestern areas. Showers will benefit filling row crops. West Texas continues to be hotter and drier, with ongoing stressful conditions for cotton.

BENEFICIAL NORTHERN PLAINS CONDITIONS

Northern Plains crop areas have favorable crop conditions. Scattered showers will return Wednesday and continue through Saturday before a few more days of dryness occur. The rotating periods of dryness and showers should benefit both the harvest of wheat and filling of corn.

MIXED DELTA AND SOUTHEAST RAIN

Delta and Southeast crop areas have a mixed rainfall pattern through the balance of the week. Southeast coastal areas have moderate to heavy amounts indicated. Delta and interior Southeast areas have mainly light showers. Temperatures show a warming trend as well. Heat and dryness stress is likely forming in portions of Arkansas and Tennessee.

DRY SOUTHERN PRAIRIES PATTERN

In the Canadian Prairies, rainfall during the balance of this week shows a northern focus. Drier southern areas will have only light amounts. Notably dry areas of Saskatchewan will have limited precipitation.

INCREASED BRAZIL CORN CROP

The effect of favorable weather during the Brazil safrinha corn crop season continues to be indicated. Latest estimates from the Brazil agricultural agency call for a new record corn harvest of more than 102 million metric tons.

LIGHT UKRAINE RAIN PROSPECT

In the Black Sea region, light rain is in store for Ukraine through southern Russia during this week. The light moisture is unfavorable for row crops. Farther east, portions of Siberia have moderate to locally heavy rain which will benefit spring wheat.

IMPROVED AUSTRALIA MOISTURE

Moderate to locally heavy rain formed over the past week in both western and eastern wheat areas in Australia. This is timely rain for developing wheat.

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

Follow Bryce Anderson on Twitter @BAndersonDTN

(c) Copyright 2020 DTN, LLC. All rights reserved.