Commodities Market Impact Weather

OMAHA (DTN) -- Prospects for widespread rain over Brazil during the next week and indications of a timely rain event in Argentina are the primary features for the commodity market's attention Thursday.

ISOLATED MIDWEST SHOWERS

The DTN ag weather forecast calls for isolated showers during the next week in the Midwest. There has been no soil moisture recharge up to this point in the western Midwest where drought conditions are widespread.

DRY SOUTHERN PLAINS FORECAST

In the Southern Plains, recent snow has brought some beneficial moisture for wheat areas, notably in Oklahoma. However, a drier trend is indicated during the next 10 days. Thus, actual improvement in wheat moisture will be limited.

DRY AND MILD FOR NORTHERN PLAINS

In the Northern Plains, above-normal temperatures during the rest of the week will be favorable for livestock. Very little precipitation is suggested through early next week. A storm system in the middle of next week could produce more moderate snowfall across the area.

SHORT-TERM BRAZIL RAIN PROSPECT

Across Brazil, moderate to locally heavy rain is expected through the weekend from south to north. This would be well-time moisture for most production areas. The pattern is forecast to bring only light rain to Rio Grande do Sul in the far south. Crop vegetative conditions are below the levels of both a year ago along with average.

ARGENTINA RAIN WATCH

Argentina has widespread showers forecast Friday and Saturday. The showers will be important as the country goes drier next week. Areas that have been drier and receive less precipitation, mainly across the west, will show more signs of stress.

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

Follow him on Twitter @BAndersonDTN

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