Commodities Market Impact Weather

OMAHA (DTN) -- Variable prospects for rain in Brazil soybean areas and higher chances for moisture in southern Russia wheat areas are the key weather items for the commodity trade's attention Wednesday.

NORTHERN MIDWEST RAIN

The DTN ag weather forecast calls for light to moderate rain in the northern Midwest over the next seven days. Precipitation focus will be in the Great Lakes. Areas with rain will incur harvest disruption. Mostly dry conditions elsewhere will favor progress. Corn and soybean harvest nationally are at the fastest rates in the past five years.

DRY PATTERN AGAIN IN SOUTHERN PLAINS

Very dry conditions in the Southern Plains, remain in the forecast through the next seven days. The dry pattern has favored winter wheat seeding; however, early growth stages of wheat are occurring with stressful conditions. Showers are not indicated until the Oct. 22-Oct. 23 time frame.

SCATTERED NORTHERN PLAINS STORMS

Scattered thunderstorms are in store across the Northern Plains during the next two days. Precipitation will be light. In addition, strong winds may cause some local crop damage. The pattern steadily turns much cooler during the seven-day period.

DRY DELTA PATTERN

Dry conditions highlight the Delta and Southeast forecast through the end of the week. The drier trend will favor a resumption of harvest following hurricane wind and rain in the past week.

VARIABLE BRAZIL RAIN PROSPECT

Across Brazil, rainfall prospects show more variability than earlier in the week. Large portions of Mato Grosso have no more than light amounts in store. In addition, temperatures will continue with much-above-normal trends. This combination is unfavorable for widespread soybean planting in the largest Brazil production state. Southern Brazil crop areas have heavier rainfall and better conditions for planting in the forecast.

POSSIBLE ARGENTINA RAIN

Central Argentina continues with favorable chances for moderate rain in all central crop areas over the next week. This will be closely watched.

PROMISING RUSSIA RAIN CHANCE

Russia wheat area rain prospects now feature moderate to locally heavy amounts in the South Russia region. This is the heaviest rain total indicated so far this crop season. Rain would benefit winter wheat and will be closely tracked.

LIGHT AUSTRALIA MOISTURE

Australia southeastern wheat areas continue with light rain in the forecast through the next seven days. Other wheat areas will be mainly dry.

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

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