Commodities Market Impact Weather

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

HEAVY SNOW FOR WESTERN, EASTERN MIDWEST

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 on Friday and Saturday and then across the east Sunday into Monday. Temperatures will go on a down trend as some arctic air gets back into the region next week in a couple of waves.

SOUTHERN PLAINS DROUGHT INCREASING AS SHOWERS MISS EAST

Though some showers are forecast for eastern areas of the Southern Plains on Friday and Saturday, dry conditions for the next week in the west will continue to leave the region in growing drought and is unfavorable for winter wheat.

DRIER CONDITIONS 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.

HEAVY SNOW FOR NORTHERN PLAINS

Above-normal temperatures are forecast in the Northern Plains through early next week. A system is bringing some moderate to heavy snow for eastern areas on Friday. Colder air is set to return next week in a couple of waves, but mostly away from the Rockies.

COLDER AIR NEXT WEEK FOR CANADIAN PRAIRIES

Above-normal temperatures are forecast in the Canadian Prairies through the weekend. Colder air is set to return next week in a couple of waves, with the coldest air in the east, away from the Rockies.

SHOWERS RETURNING TO SOUTHERN BRAZIL

Recent heat and dryness have damaged corn and soybeans in advanced stages of growth over southern Brazil. Some producers have buried their losses to plant their safrinha (second-crop) corn. Wetter conditions across central and northern zones have had an impact on quality and delayed harvest. But conditions are reversing this weekend with better chances for rain across the south and dryness across the north. Both are favorable for producers.

SHOWERS DEVELOPING IN ARGENTINA

Hot and dry conditions continue in Argentina for the next day or two with highs approaching or exceeding 100 degrees Fahrenheit, which have put incredible stress on early planted corn and soybeans this week. Scattered showers return this weekend and will continue for about a week in a few spurts and waves, 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 sustained 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

(c) Copyright 2022 DTN, LLC. All rights reserved.