Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- A potent storm system moving across some drought areas of the United States and showers returning to southern South America with dryness in the north are the weather factors holding the market's attention on Wednesday.

HEAVY SNOW FOR WESTERN MIDWEST AMONG WARMUP

Above-normal temperatures will be around the Midwest through early next week, with a slight reprieve during the weekend as a system moves through with moderate snow across the west. Temperatures will go on a down trend as some arctic air gets back into the region by the end of next week.

SOUTHERN PLAINS DROUGHT GROWING AS SHOWERS MISS EAST

Though some showers are forecast for eastern areas of the Plains on Friday and Saturday, dry conditions for the next week in the west will 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 for the Northern Plains through the weekend. A system will bring some moderate to heavy snow for eastern areas on Friday, which may mess up the temperature forecast a bit. Above-normal temperatures may reduce stress on livestock, but melting snow could cause muddy fields and pastures and new snow could affect those in the east. Colder air is set to return next week.

WARMUP CONTINUES FOR CANADIAN PRAIRIES

Above-normal temperatures are forecast in the Canadian Prairies 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, but more for eastern areas instead of closer to the Rockies.

BRAZIL FORECAST FLIPPING LATE WEEK

Dry conditions over southern Brazil continues to degrade corn and soybeans in advanced stages of development 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 soybean harvest. Conditions 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 continue in Argentina 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 about a week, 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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