Commodities Market Impact Weather

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

ACTIVE WEATHER CONTINUES FOR MIDWEST

Another system will move through the Midwest on Thursday with scattered showers but one coming up this next weekend should provide more widespread showers and again snow potential.

LITTLE CHANCE OF SHOWERS FOR S. PLAINS WHEAT

Above-normal temperatures will continue to plague winter wheat in the Southern Plains, 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.

PERIODS OF SHOWERS FOR PACIFIC NORTHWEST

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

BLACK SEA WHEAT IN POOR CONDITION

Although too late to directly help dormant winter wheat in the Black Sea region, scattered showers this week maybe make a contribution to build up soil moisture for spring growth.

BRAZIL RAINFALL MIXED NORTH TO SOUTH

Central and northern Brazil will continue to see scattered showers through the next week. Southern areas stay dry, however, in typical La Nina fashion. 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 over the agricultural areas until possibly this weekend.

SHOWERS MIXED FOR ARGENTINA

In Argentina, showers in the south gradually progress northward the rest of the week, but activity will remain rather scattered to isolated and have difficulty meeting crops' needs. Developing corn and soybeans will have some issues as soil moisture reserves are used up.

SHOWERS AFFECT HARVEST IN EASTERN AUSTRALIA

Scattered showers will develop across Australia's eastern wheat belt for the next couple of days and delay areas that still need to harvest. The west has trended towards drier conditions which look to set up elsewhere this coming weekend. Soil moisture continues to be favorable for developing cotton and sorghum.

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

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