Commodities Market Impact Weather

OMAHA (DTN) -- Prospects for needed rain in central Brazil and further details of beneficial conditions in the Australia wheat areas are the key weather items for the commodity trade's attention Monday.

EASTERN MIDWEST SNOW

The DTN ag weather forecast calls for a mix of rain and snow in the eastern Midwest to delay late-stage harvest. Other crop areas will be dry.

MIXED SOUTHERN PLAINS MOISTURE

The Southern Plains has a mixed precipitation pattern forecast. Eastern areas may see some useful showers. Western areas remain dry with drought concern for winter wheat.

MILD IN NORTHERN PLAINS

The Northern Plains regions continues with a dry and mild pattern through early December. No stressful cold is expected. This pattern is favorable for livestock.

SOUTHEAST RAIN

Southeast crop areas had periods of moderate to heavy rain during the past weekend. More showers are likely this week, producing further delays and quality issues for cotton harvest.

CENTRAL BRAZIL RAIN CHANCES

Across Brazil, central crop areas were dry during the past weekend. Showers and thunderstorms are forming this early week with prospects for moderate to heavy rain in southern sectors. Farther north, Mato Grosso has chances for rain as well in the 10-day time frame. This improved moisture chance will be closely watched.

USEFUL SOUTHERN BRAZIL RAIN

Southern Brazil has moderate to heavy rain in the forecast. Indicated coverage is heaviest in Rio Grande do Sul but is also indicated over Parana. This rain prospect will be closely watched.

MIXED ARGENTINA RAIN FORECAST

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

LARGE AUSTRALIA WHEAT CROP

Updated Australia wheat crop estimates call for production of more than 30 million metric tons, well above drought-reduced production the past two seasons. This large estimate is tangible evidence of the benefit of increased rain during this growing season.

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Editor's Note: Be among the first to hear DTN's 2021 market outlooks and ask questions live by attending the DTN Ag Summit, Dec. 7-9. Our premier farmer and rancher event features market updates from Todd and DTN Livestock Analyst ShayLe Stewart as well as our annual weather outlook by Senior Ag Meteorologist Bryce Anderson. Other speakers include: U.S. Ambassador Kip Tom; Ken Eriksen and Paul Hughes of IHS Markit; Microsoft Chief Scientist Ranveer Chandra; personal development speakers David Horsager and Jon Gordon; farmers Reid and Heather Thompson; farm blogger Meredith Bernard, and many more.

You can take part in it all from the comfort of your home, office or tractor cab. Register at www.dtn.com/agsummit

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

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