Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- Damage from storms during the weekend is still being assessed in the Midsouth. Weather will cooperate with recovery efforts for a couple of days before turning unfavorable later in the week. And decent precipitation over Argentina but not southern Brazil are the weather factors holding the market's attention Monday.

BRIEF HEAT FOR MIDWEST

In the Midwest, a system brought a band of heavy snow across the north and strong thunderstorms to the south Friday and Saturday, with a couple of devastating tornadoes. The region continues to be active with near-record highs on Wednesday, then another system bringing scattered showers through. The front to the system will not clear the region and another system will develop more showers Friday into Saturday. An active upper-air pattern will continue to produce a couple more storm systems going into next week as well.

SOUTHERN PLAINS WHEAT CONDITIONS STILL DECLINING

A system brought snow to Nebraska on Friday, and a couple of areas in the far southeastern Plains saw thunderstorms developing, but most areas remained dry this weekend. A system will move through in the middle of the week with strong winds, but there will be little shower activity with it. The front will remain over southern portions of the region through the weekend and there could be some showers that develop along it in the west, but models are not optimistic about seeing meaningful precipitation there as drought continues to build.

HEAVY PRECIPITATION FOR PACIFIC NORTHWEST

Scattered showers developed in the Pacific Northwest during the weekend with some good precipitation in some of the valleys. A strong trough will continue to produce more widespread precipitation early this week and an active upper-air pattern will produce more showers throughout the next 10 days as well, helping to increase moisture for dormant wheat.

BRIEF SHOWERS FOR SOUTHERN BRAZIL

Some isolated showers developed this weekend across the south, where moisture is lacking. After a couple of days of good precipitation chances early this week, southern areas will go dry again and it could be for an entire week. The rainfall is briefly favorable for developing to reproductive corn and soybeans, but not enough. Central Brazil continues to see daily shower chances for the foreseeable future, benefiting developing to reproductive corn and soybeans.

SCATTERED SHOWERS IN ARGENTINA, THEN DRY AGAIN

Isolated to scattered showers developed in Argentina during the weekend, benefiting developing corn and soybeans in areas that were hit, which includes the higher production areas around Cordoba. After a couple of days of shower chances, the region goes dry again. Showers may start to redevelop this coming weekend over southern areas, but that is not guaranteed.

FAVORABLE HARVEST CONDITIONS FOR EASTERN AUSTRALIA

Mostly dry weather occurred this weekend in eastern Australia, with more favorable conditions for winter wheat and canola harvest. There may be some isolated showers through the week, but most areas should find favorable conditions. Sunshine should help cotton and sorghum development as well.

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

(c) Copyright 2021 DTN, LLC. All rights reserved.