Commodities Market Impact Weather

Beneficial South America Forecast

Bryce Anderson
By  Bryce Anderson , DTN Senior Ag Meteorologist
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OMAHA (DTN) -- Mostly favorable South America prospects and snowfall potential for U.S. Southern Plains wheat areas are the primary weather features for the commodity market's attention Wednesday.

HARSH COLD FOR MIDWEST

The DTN ag weather forecast continues with the likelihood of bitter cold to cover the Midwest during the balance of the week. A strong cold front with the cold wave will offer snow and ice potential to the southern and eastern sectors of the region. Temperatures nearing zero Fahrenheit may cause some winterkill threat to exposed wheat areas of the eastern Midwest.

SNOW CHANCE FOR SOUTHERN PLAINS WHEAT

Southern Plains wheat areas have a very cold five- to seven-day stretch in store. Temperatures are expected to plunge to near or below zero Fahrenheit over much of the region. Several occurrences of snow are also forecast during this time period which offer some protection for wheat against the bitter cold.

CONTINUED NORTHERN PLAINS ARCTIC COLD

The Northern Plains have additional Arctic cold wave conditions through the middle of the month. Well-below-normal temperatures are featured. This pattern will be stressful to livestock and will hinder transportation. The colder pattern remains in place through at least the 10- to 14-day time frame.

CENTRAL BRAZIL RAIN PROSPECT

Central Brazil has moderate to heavy rain in store during the latter portion of this week. Rain will cause some delay in soybean harvest but will also be beneficial for soil moisture ahead of planting second-crop corn (safrinha). Southern Brazil has lighter rainfall in the forecast.

DRIER BUT MILD IN ARGENTINA

Argentina's crop areas have a drier period ahead during the next seven days. However, recent rainfall has been beneficial for corn and soybean crop moisture. In addition, temperatures will be near to below normal, with very little heat stress indicated.

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

Follow him on Twitter @BAndersonDTN

Bryce Anderson

Bryce Anderson
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