Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- A warmup across the United States and showers returning to southern South America with dryness in northern areas are the weather factors holding the market's attention on Monday.

MIDWEST WARMUP

After a brief warmup on Saturday and Sunday, cold weather moved back into the region during the weekend. That will be brief as well, with temperatures rising Tuesday and continuing through the week, especially in the west. Temperatures will be more variable after that as a couple of systems move through the region.

SOUTHERN PLAINS STAYING DRY

Dry conditions during the weekend for all but the far southeast continues to leave the Southern Plains in drought. Dryness this week will continue that trend while temperatures will be above normal through the week.

DRIER FOR PACIFIC NORTHWEST

A drier pattern has returned to the Pacific Northwest after a couple of weeks of drought-reducing precipitation. Small disturbances will only bring limited precipitation for the next week.

ABOVE-NORMAL TEMPERATURES FOR NORTHERN PLAINS

Dry weather occurred as another blast of arctic air moved into the region during the weekend. Cold will quickly be replaced by warmth during the next 24 hours and above-normal temperatures are forecast through the weekend. Temperatures may reduce stress on livestock but melting snow could lead to some muddy fields and pastures. Colder air is set to return next week but does not look as cold as the arctic blasts we have seen during the last couple of weeks. That will have to wait until next weekend.

WARMUP FOR CANADIAN PRAIRIES

Arctic air is on the way out of the Canadian Prairies and above-normal temperatures are forecast through the weekend. Temperatures may reduce stress on livestock, but melting snow could cause some muddy fields and pastures. Colder air is set to return next week.

BRAZIL FORECAST FLIPPING LATE WEEK

Dry conditions over southern Brazil continues to degrade corn and soybeans in advanced stages of growth while some producers have buried their losses to plant their safrinha (second-crop) corn. Wetter conditions across central and northern zones are having an impact on quality and delaying harvest. Conditions remain this way for much of the week, but should reverse by this weekend with better chances for rain across the south and dryness across the north. Both would be favorable for producers as we approach the mid-point of the dual growing season and soybean harvest picks up.

HOT AND DRY IN ARGENTINA, BUT SHOWERS COMING BACK

Hot and dry conditions in Argentina during the weekend intensify this week with highs approaching or exceeding 100 degrees Fahrenheit, putting incredible stress on early planted corn and soybeans. Scattered showers are forecast to return this weekend and may continue for seven to 10 days, reversing the horrible growing conditions for at least a time. However, early planted crops will have already sustained damage and the wet period is likely to be too short for vast improvement for late-planted crops. Drier conditions that are forecast to follow will not be favorable, either.

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

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