Commodities Market Impact Weather

OMAHA (DTN) -- Rain prospects in the next week for Brazil and isolated showers across Argentina are the key weather items for the commodity trade's attention Thursday.

WEEKEND MIDWEST MOISTURE

The DTN ag weather forecast calls for above-normal temperatures to continue in the Midwest for the next few days. A system will move through Friday through the weekend with moderate precipitation, including snow over the north. Any remaining corn waiting to be harvested in the east will continue to find delays while wheat is going dormant in good condition.

SOUTHERN PLAINS PRECIPITATION WATCH

In the Southern Plains, a system will move through with chances for moderate precipitation across much of the region late Thursday through Saturday, including snow. Moderate snow is possible with a disturbance on Sunday across the south. Increasing soil moisture will benefit any non-dormant wheat.

STILL MILD IN NORTHERN PLAINS

Dryness and mild conditions have caused little to no stress on Northern Plains livestock recently. Temperatures will fall closer to normal behind a front on Thursday but likely increase above normal again next week.

VARIABLE BRAZIL RAIN BENEFIT

Scattered moderate to heavy showers will continue through the weekend in central Brazil crop areas, just in time for corn and soybeans reaching reproductive stages. Extreme dryness last week will contrast with above normal precipitation this week. Southern areas will be drier during the next few days, but waves of showers will move back into the area this weekend and into next week.

ISOLATED ARGENTINA RAIN

Across Argentina, dryness during the past several days may have caused some stress to developing corn and soybeans. A system will bring isolated showers to southern areas late Thursday into Friday, migrating to northern areas over the weekend. A couple of additional rounds of showers may develop through next week, especially over the north, benefiting developing crops. The isolated nature over the south could cause further stress as the pattern turns drier.

FAVORABLE EUROPE CONDITIONS

Across Europe, winter grains have gone into dormancy in good condition across the north and east. Scattered showers fell across Spain and Italy over the past several days, benefiting developing winter wheat. Periods of showers will continue through the weekend as the storm track runs through the Mediterranean.

EASTERN AUSTRALIA SHOWERS

Scattered light to moderate showers are indicated for eastern Australia crop areas through the weekend. Rainfall will benefit summer crops in New South Wales and Queensland.

ACTIVE SOUTH AFRICA PATTERN

South Africa crop areas have an active pattern in the forecast through the next week, with consistent showers. This is a beneficial pattern for maize and other summer crops.

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

Follow him on Twitter @BAndersonDTN

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