Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- Arctic air through the weekend but a warmup next week and a hot and dry forecast in southern South America are the weather factors holding the market's attention Friday.

WARMUP COMING TO MIDWEST NEXT WEEK

Arctic air has settled into the Midwest for Friday and another round will move through this weekend into early next week before a period of warmth is expected. Temperatures will not stay stable and we are likely to see a roller coaster ride through the end of the month.

SOUTHERN PLAINS CHANCE FOR SHOWERS NEXT WEEK

Arctic air in the Southern Plains is moving out Friday with warmer temperatures moving back in for what appears to be an extended time next week. Dryness will continue to have a negative effect on drought, especially in the western half of the region. There is potential for some shower activity mid to late next week, but amounts are currently forecast to be low.

PRECIPITATION ENDING FOR PACIFIC NORTHWEST

The active pattern for the Pacific Northwest is ending Friday, but recent waves of precipitation have gone a long way toward reducing drought thus far. There is more work to be done in that regard. Next week is likely to be drier.

ABOVE-NORMAL TEMPERATURES FOR NORTHERN PLAINS NEXT WEEK

Arctic temperatures will be around the Northern Plains through Monday, though we will see a brief reprieve for some areas on Saturday. Colder air will push east early next week, and models are forecasting above-normal temperatures for the middle of January, which will be a welcome reprieve from the arctic cold. The warm air may not last that long, however.

WARMUP COMING TO CANADIAN PRAIRIES NEXT WEEK

Arctic temperatures will be around the Canadian Prairies through the weekend. Afterwards, the region is forecast to go on a warming trend for the middle of January, which may not last for an extended period, but will be a reprieve from the arctic cold of the previous few weeks.

CENTRAL, NORTHERN BRAZIL STAY WET

Dry conditions over southern Brazil are a major concern for reproductive to filling corn and soybeans, even with showers that have occurred over the last several days. Showers may continue in the state of Parana off-and-on for the next week, which would be favorable for some of the current crop. Scattered showers will continue over central and northern areas for the next week, which could delay maturation and early harvest of soybeans.

HOT AND DRY IN ARGENTINA

Recent showers in Argentina have been inadequate for developing to reproductive corn and soybeans. Another dry trend is in place for the country with temperatures in the 90s through the weekend and pushing 100F next week, which will cause further stress. There is still time for the weather to turn around in January to avert disaster, but the country continues to see a poor outlook for the next 10 days.

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

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