Commodities Market Impact Weather
Continued Wheat Dryness
LINCOLN, Neb. (DTN) -- Additional dryness in Southern Plains wheat areas and improvement in South America forecast crop conditions are the primary weather factors for the commodity market's attention Wednesday.
MIXED MIDWEST PRECIPITATION
In the Midwest, a sagging cold front will remain near or just south of the Ohio River and another system late this week will pull widespread mixed precipitation northward through the region again. Some areas that have seen increasing drought recently will find some relief, but not everywhere.
CONTINUED DRYNESS IMPACT IN SOUTHERN PLAINS
The latest ratings on Southern Plains winter wheat show notable drought stress. Highest ratings are in Nebraska with only 36% of the state's wheat crop rated good to excellent. Oklahoma and Texas wheat rate just 9% and 10% good to excellent, respectively. Kansas wheat is judged only 26% in good to excellent condition. The forecast offers mixed precipitation in the eastern sector of the region. The pattern stays dry with a warming trend over the next 10 days.
COLD, DRY IN NORTHERN PLAINS
The Northern Plains have well below normal temperatures through the rest of the week, moderating some over the weekend but not going up above normal until the middle of next week. While the cold remains entrenched, the storm track will be pushed to the south for the rest of the week, clipping the south with light snow accumulations Wednesday and Thursday.
MODEST BRAZIL IMPROVEMENT
Across Brazil, scattered showers will continue across central and northern areas for the next week, but with lower coverage and intensity than we have seen recently. There will be a period of better shower potential across southern areas for about a week starting on Thursday, which may help some limited areas with better soil moisture for corn. But the dryness that follows will keep the overall benefits rather limited.
PROMISING ARGENTINA RAIN CHANCE
Argentina crop areas have a week of rainfall in store, followed by a new round of drier conditions. Precipitation totals are expected in the 2- to 4-inch category. This moisture will be helpful for crops but will do no more than stabilize crop yields at reduced levels than a year ago.
Bryce Anderson can be reached at email@example.com
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