Commodities Market Impact Weather
Beneficial Rains Forecast for South America
OMAHA (DTN) -- Beneficial rains forecast for Brazil and Argentina during the next week are the primary features for the commodity market's attention Thursday.
PRECIPITATION IN MIDWEST
The DTN Ag Weather forecast calls for scattered moderate showers that will increase soil moisture through Thursday in the Midwest and have brought moderate snow to northwest parts of the region. Additional precipitation chances will move through next week.
DRIER FOR SOUTHERN PLAINS
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
In the Southern Plains, windy conditions developed on Wednesday, bringing stress to the wheat crop from potential scouring out of the soil. Generally drier weather is expected for the remainder of the week and weekend. Some needed precipitation may arrive next week.
NORTHERN PLAINS VOLATILITY
In the Northern Plains, a strong system brought snow and strong winds Wednesday with a short-lived period of below normal temperatures through Thursday. Dry and warmer weather will return Friday and Saturday. Near normal to cooler than normal conditions will arrive next week.
BRAZIL RAIN VARIANCE
Much needed, scattered, moderate showers moved through the southern growing regions of Brazil over the weekend, benefiting corn and soybeans as they enter or move through reproduction to filling stage. However, a drier pattern has returned this week for some of these southern growing areas.
Scattered showers will increase in coverage across central and northern growing areas, bringing much needed, beneficial rain. More showers should return to southern areas next week.
RAIN CHANCE IN ARGENTINA
In Argentina, a system brought much needed widespread, moderate showers this weekend, but drier weather has developed this week. However, relief should come to western areas over the next few days as much needed, beneficial showers spread across these areas. A larger area of widespread moderate to heavy rain may develop next week as a system spreads through the region.
Elaine Shein can be reached at elaine.shein@dtn.co
(c) Copyright 2020 DTN, LLC. All rights reserved.