Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- An active storm track across the middle of the country this week and limited showers in South America are the weather factors holding the market's attention Monday.

ACTIVE MIDWEST WEATHER

A couple of systems moved through the Midwest during the Christmas weekend, spreading light to moderate precipitation through the region. An active pattern continues as the polar vortex brings a few pieces of energy through the region. More light to moderate precipitation is expected, which may help out with some of the regional drought. Cold weather will filter into western areas of the region through the week before sweeping through the entire region behind a strong system this weekend.

S. PLAINS STILL MISSING PRECIPITATION

A system went through the Southern Plains this weekend but was rather dry as drought continues to build in the region. A couple of systems will move through this week, but very little precipitation is expected for drought areas. A stronger system will move through this coming weekend with a better chance for more widespread showers. This will be brief, however, and likely have little impact on the ongoing drought. Low temperatures will move through only briefly this weekend while staying more focused to the north.

MORE PRECIPITATION FOR PNW

A couple of systems moved through the Pacific Northwest with good precipitation during the long weekend. The region will stay active as systems move through for the next 10 days. Drought conditions will continue to decline.

POLAR VORTEX CHILLS NORTHERN PLAINS

Scattered showers moved through the Northern Plains during the weekend. Colder weather has been leaking into the region as well. The main storm track will be to the south, but the region will still pick up occasional periods of snow. Low temperatures will continue to seep into the region, stressing livestock.

ARCTIC CONDITIONS FOR CANADIAN PRAIRIES

Arctic cold will continue in the Canadian Prairies through the week as the polar vortex remains over the region. There will be just a small break in the harsh temperatures this weekend before they return next week. Stress on livestock will continue to be extreme for the next two weeks.

LIMITED SHOWERS FOR SOUTHERN BRAZIL

Dry conditions over southern Brazil are a major concern for reproductive to filling corn and soybeans. Conditions continue to be very good for central and northern Brazil. Some isolated showers will pop up at times over southern areas later this week and weekend, but very spotty with limited impact. Heat and dryness should continue to force crop conditions to decline.

LIMITED SHOWERS FOR ARGENTINA

Dryness with high temperatures in the 80s and 90s Fahrenheit continue to cause stress for developing to reproductive corn and soybeans in Argentina. Some isolated showers may pop up at times later this week, and some more scattered showers will be possible this weekend, but it will be difficult for forecast rainfall to match the needs of the crops as conditions should continue to decline. Planting pace is still slow so there is time for the weather to turn around, but prospects are not good through the month of January.

GOOD HARVEST CONDITIONS IN EASTERN AUSTRALIA

Some isolated showers fell across eastern Australia during the weekend, which may have had a small impact on harvest of winter wheat and canola. But overall conditions have been good recently. Some showers will remain possible during the next few days, but will be followed by dryness, benefiting harvest. Heat that comes into southeastern Australia could start to become stressful for cotton and sorghum in drier areas later this week.

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

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