Commodities Market Impact Weather

OMAHA (DTN) -- Continued dry conditions for Midwest harvest and suggestions of rain forming in central Brazil are the key weather items for the commodity trade's attention Wednesday.

CONTINUED DRY MIDWEST PATTERN

The DTN Ag Weather forecast calls for a continued dry pattern across the Midwest with seasonal to above normal temperatures through the next seven days. Temperatures will be variable. This combination will remain favorable for crop ripening and harvest progress.

FAVORABLE SOUTHERN PLAINS PLANTING TREND

Southern Plains crop areas will remain dry during the balance of the week. This will be favorable for winter wheat planting after recent rainfall. Near to above normal temperatures will assist in germination.

BENEFICIAL DRY CONDITIONS IN NORTHERN PLAINS

In the Northern Plains, mild and drier conditions through the remainder of the week will benefit crop ripening and harvest. The drier trend will benefit livestock as well.

LIGHT DELTA PRECIPITATION

The Delta has mainly dry conditions through the balance of the week. This pattern is favorable for harvest. Hurricane Sally's track bypassed the region.

FLOODING SOUTHEAST HURRICANE RAIN

The Southeast has heavy rainfall in the 7-day forecast from Hurricane Sally. Rain will cause flooding and threatens to damage crops.

IMPROVED CENTRAL BRAZIL RAIN CHANCE

Central Brazil crop areas have an increased chance for rain over the next seven days, including coverage in Mato Grosso. This prospect is promising for the beginning of the central Brazil rainy season. The average starting date for the central Brazil rainy season in the past 30 years is Sept. 26.

STILL DRY IN ARGENTINA

Cool temperatures with very little rain are forecast for central Argentina over the next seven days. This is unfavorable for wheat and offers no improvement in soil moisture for row crop planting later in the season.

SCATTERED PRAIRIES RAINFALL

The Canadian Prairies have mainly scattered light precipitation and variable temperatures through the balance of the week. This combination will favor wheat harvest.

DRIER TREND IN RUSSIA

Russia wheat areas have lighter rainfall in the next seven days than indicated in previous forecast production. Crop areas are in need of moisture following a mainly warm and dry pattern during the past several weeks; USDA notes that in many locales, 60-day rainfall has totaled no more than 50% of normal.

VARIABLE AUSTRALIA RAIN FORECAST

Eastern Australia wheat areas continue with a moderate to heavy rain forecast through the next seven days. Areas to benefit include South Australia, interior New South Wales and Queensland. Rainfall would be favorable for developing wheat.

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

Follow him on Twitter @BAndersonDTN

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