Commodities Market Impact Weather

OMAHA (DTN) -- A mixed forecast for rain in South America and limited moisture in the forecast for key international wheat areas are the key weather items for the commodity trade's attention Friday.

MIDWEST PATTERN CHANGE

The DTN ag weather forecast calls for dry and very warm conditions to cover the Midwest through the weekend. This pattern favors late-stage harvest and fall fieldwork. During the next week, stormy and much colder conditions are in store. Precipitation may reach moderate to heavy amounts in the western and northern Midwest.

DRY FOR SOUTHWEST PLAINS

Mainly dry conditions remain in the forecast for the southwestern Plains. In addition, strong winds during the weekend will cause further dryness in winter wheat fields. This sector of the Southern Plains region still needs moisture for wheat development ahead of dormancy. Improvement in conditions recently has been confined to Oklahoma.

UNSETTLED NORTHERN PLAINS TREND

Northern Plains areas will be dry and very warm during the end of the week. The pattern turns colder and unsettled during the weekend and early next week. Precipitation includes light to moderate snow in eastern areas and moderate to heavy snow in western areas.

SOUTHEAST RAIN AHEAD

Delta and Southeast crop areas have a variable rain forecast in the next week. Light rain is in store for the Delta. In contrast, the Southeast has moderate to heavy rain ahead from re-forming Tropical Storm Eta in the southeastern Gulf of Mexico.

VARIABLE BRAZIL RAIN

Brazil crop areas again have variable rain forecast during the next seven days. Northern and central areas have light to moderate amounts, while southern crop areas have much lighter amounts ahead. This brings concern to southern crop areas where soil moisture needs are most acute.

LIMITED MOISTURE FOR ARGENTINA

Argentina crop areas have only light rain forecast during the next seven days. Soil moisture is in short supply over northern and western crop areas. This drier trend offers no meaningful easing of soil moisture concerns.

VERY LITTLE SOUTH RUSSIA RAIN

Russia wheat areas continue with a forecast for only scattered light showers forecast through the balance of the week. Wheat areas continue with precipitation deficits of well less than half the long-term average during the past three months. The Black Sea region is still likely to go into the dormant phase for winter wheat with soil moisture deficits.

AUSTRALIA SHOWERS

Showers are indicated for all Australia wheat areas through the next seven days. Rainfall will bring some disruption to wheat harvest while offering useful moisture for summer crops. The Australia wheat crop is expected to be the largest since the record crop of 2016.

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

Follow him on Twitter @BAndersonDTN

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