Commodities Market Impact Weather

OMAHA (DTN) -- Continued rain for the Midwest in the 10-day outlook and improving conditions in South America are the primary weather features for the commodity market's attention Thursday.

MIDWEST RAIN OPPORTUNITIES

The DTN Ag Weather forecast for the Midwest calls for a pair of systems next week that could produce widespread showers. Moderate precipitation fell across most of the region since this weekend, benefiting soil moisture for much of the area. Soil moisture looks to improve for drier areas across western Iowa and around the Great Lakes ahead of spring planting.

ADDITIONAL PRECIPITATION FOR SOUTHERN PLAINS

In the Southern Plains, additional precipitation is indicated during Wednesday and Thursday. The type of precipitation will vary, with moderate to heavy snow in western areas and moderate to heavy rain central and east. This will continue the beneficial reversal of fortune for winter wheat as it exits dormancy along with providing moisture benefit ahead of row-crop planting.

VARIABLE NORTHERN PLAINS MOISTURE

The Northern Plains will have a storm system early next week that could spread more widespread showers across the region, but models are mixed on whether it will affect the area or not. Recent snow in South Dakota helped to ease drought conditions while it continues to build elsewhere.

WET DELTA PATTERN

Moderate to heavy showers fell across the Delta during the last few days. This will delay some early fieldwork and planting but dryness during the weekend could provide a window to get some in. A pair of storms next week will produce more showers for the region and cause further delays.

SCATTERED BRAZIL SHOWERS

Scattered showers continue across central and northern areas of Brazil. This continues to produce some final delays to the safrinha (second-crop) corn planting, but producers have been finding ways around the showers as harvest and planting near completion, albeit several weeks late. Over the south, recent dryness has been a concern for immature and newly planted crops but showers early this week will combine with more early next week and provide some timely moisture for immature crops. Daily scattered showers across central and northern areas will continue to benefit immature corn and soybeans and newly planted corn, even if amounts are not as heavy as normal. Showers will become more isolated or absent next week, though adequate subsoil moisture at this point can handle a short period of dryness.

MIXED ARGENTINA RAIN FORECAST

In Argentina, a system produced widespread moderate to heavy rainfall earlier this week that will be timely for many of the growing regions.

A system will try to do the same this weekend but may not make it far into Buenos Aires or La Pampa. Some of the earlier-planted corn and soybeans will see little to no benefit as they go into maturity.

Elaine Shein can be reached at elaine.shein@dtn.com

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