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 Tuesday.

MIDWEST WARMUP IS BRIEF

Temperatures in the Midwest will rise through the week, especially in the west. Temperatures will go on a down trend next week with some arctic air possibly getting back into the region by the end of next week or weekend.

SOUTHERN PLAINS DROUGHT GROWING

Dry conditions in the Southern Plains for the next week continue to leave the region in drought. Above-normal temperatures accompany the dryness, unfavorable for winter wheat.

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

Above-normal temperatures are forecast in the Northern Plains through the weekend. Temperatures may reduce stress on livestock, but melting of snow will cause some muddy fields and pastures. Colder air is set to return next week.

WARMUP FOR CANADIAN PRAIRIES

Above-normal temperatures are forecast in the Canadian Prairies through the weekend. Temperatures may reduce stress on livestock but lead to muddy fields and pastures. Colder air is set to return next week, but arctic air may take until late next week to filter into the region.

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 affecting quality and delaying harvest. Conditions continue that way for the next few days, but should reverse 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 RETURNING

Hot and dry conditions in Argentina 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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