Commodities Market Impact Weather

CHICAGO (DTN) -- Growing drought in the southwestern Plains and a mix of conditions in South America are the weather factors holding the market's attention Monday.

ACTIVE WEATHER FOR MIDWEST

A system went through the Midwest this weekend with scattered showers and a band of moderate snow across the north. The system will bring up some better showers Monday morning and some lake-effect snows will continue behind it as well. Another system will move through on Thursday with scattered showers but one coming up this next weekend should provide more widespread showers and snow potential as well.

DROUGHT GROWING IN SOUTHWESTERN PLAINS

A few showers moved through the southeastern Plains this weekend, but most areas remained dry. Above-normal temperatures continued to plague winter wheat, especially in western areas where drought has grown steadily. A system at the end of the week and weekend stands the best chance for producing some precipitation, but coverage and amounts look low.

PACIFIC NORTHWEST SEEING SHOWERS

Very little precipitation moved through the Pacific Northwest this weekend. There will be a couple of systems moving through this week that will bring scattered showers, but mostly in the form of snow as wheat goes dormant.

BLACK SEA WHEAT GOING DORMANT IN POOR CONDITION

Scattered showers went through the Black Sea region this weekend, but are too late for dormant winter wheat. Precipitation is favorable to build up soil moisture for spring growth, however.

BRAZIL RAINFALL MIXED NORTH TO SOUTH

Central and northern Brazil saw scattered showers this weekend and will continue to do so through the week. Southern areas stayed dry. With corn and soybeans entering reproduction, the dryness will be a concern if showers do not develop soon. However, there is not a good prospect for showers during the agricultural areas until possibly this weekend.

SHOWERS MIXED FOR ARGENTINA

A system moved through Argentina with scattered showers over southern and some western areas this weekend, but northern areas were left out. Some showers will develop again over southern areas later this week and going into the weekend, but will be isolated. Developing corn and soybeans will have some issues as soil moisture reserves are used up.

SHOWERS CONTINUE TO SLOW HARVEST IN EASTERN AUSTRALIA

Some isolated showers developed in eastern Australia during the weekend, but were concentrated near the coast, helping soils drain a bit and allow for winter wheat and canola harvest. Scattered showers will develop across the eastern wheat belt for the next couple of days, however, and delay areas that still need to harvest. Drier conditions look to set up this coming weekend. Soil moisture continues to be favorable for developing cotton and sorghum.

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Get a full rundown on the 2022 outlook for weather affecting U.S. and international crop areas during the DTN Ag Summit, Dec. 5-7, in Chicago. Visit www.dtn.com/agsummit for more details about the summit and to register.

John Baranick can be reached at john.baranick@dtn.com

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