Commodities Market Impact Weather

OMAHA (DTN) -- A drier pattern across the Midwest through the next seven days and weekend rain prospects in Australia are the key weather items for the commodity trade's attention Thursday.

DRIER MIDWEST TREND

The DTN ag weather forecast calls for light rain in the Midwest through the next week. Filling crops in need of supplemental moisture will receive very little benefit from this lack of meaningful rainfall. Mostly below-normal temperatures will ease dryness impact.

LIGHT SOUTHERN PLAINS RAIN

Light rain is in store for the Southern Plains over the next week. Recent rains have been favorable in Kansas. Much of Oklahoma and Texas are hot and dry with stressful conditions reducing cotton crop prospects.

SCATTERED NORTHERN PLAINS STORMS

In the Northern Plains, scattered thunderstorms are expected through Saturday before a few days of dryness occur. More showers are expected in the middle of next week. The rotating periods of dryness and showers should benefit both the harvest of wheat and filling of row crops.

DELTA AND SOUTHEAST RAIN

In the Delta and Southeast, moderate rainfall occurred in the Delta Tuesday, easing recent dryness and benefiting filling soybeans and cotton. Widely scattered showers are expected through the end of the week, followed by drier conditions. The Southeast will see favorable rain as well.

MINIMAL PRAIRIES RAIN CHANCES

In the Canadian Prairies, very little rain is indicated in the seven-day forecast. This is unfavorable for filling crops, especially in Saskatchewan.

VARIABLE RUSSIA RAIN

In the Black Sea region, variable rainfall is indicated for Russia and Ukraine over the next week. Eastern Ukraine and southern Russia will have no more than scattered light showers. Light to moderate amounts are in store elsewhere.

LATE-WEEK AUSTRALIA RAIN FORECAST

A system moving into southern Australia will spread showers farther north for Friday and Saturday. Eastern Australia wheat areas will benefit. Showers are also indicated for Western Australia wheat areas.

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

Follow him on Twitter @BAndersonDTN

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