Commodities Market Impact Weather

OMAHA (DTN) -- Mixed prospects for rain in South America, with rain chances for Argentina and drier trends in central Brazil, are the key weather items for the commodity trade's attention Wednesday.

EASTERN MIDWEST RAIN

The DTN ag weather forecast calls for a rainy midweek in the eastern Midwest. Moderate to locally heavy amounts are possible. Late-stage harvest will be disrupted by this precipitation. In addition, fall fieldwork will have slowdowns, especially in areas affected by the summer derecho wind event.

MAINLY DRY IN SOUTHERN PLAINS

Southern Plains winter wheat is going into dormancy with condition ratings that are lower than a year ago. Precipitation earlier this week was limited. Dry conditions are in effect through the next week to 10 days.

MILD IN NORTHERN PLAINS

The Northern Plains regions has a dry and mild pattern for the season during this week. No stressful cold is expected.

HEAVY SOUTHEAST RAIN

Delta and Southeast crop areas have moderate to heavy rain in store through the next seven days. Rain will cause some disruption to late cotton harvest.

VARIABLE BRAZIL RAIN PATTERN

Across Brazil, central areas continue with a mainly hot and dry forecast. Temperatures will exceed 100 Fahrenheit. This pattern is stressful to developing soybeans and corn. In addition, only light rain is indicated. Southern Brazil has moderate to heavy rain in the forecast to offer soil moisture benefit.

PROMISING ARGENTINA RAIN CHANCE

Argentina's forecast features moderate to heavy rain in northern crop areas with light to moderate amounts central and south. This rain chance and evolution of the pattern will be closely watched. Soil moisture is sort to very short in the areas with the highest rain probability.

LIGHT AUSTRALIA RAIN

Australia wheat areas have only scattered light showers through the balance of the week. Very limited wheat harvest disruption is indicated. The 2020 harvest is much larger than drought-affected crops the past two seasons.

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

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