Commodities Market Impact Weather

Drought Improvement for Some

John Baranick
By  John Baranick , DTN Meteorologist

MINNEAPOLIS (DTN) --- Recent precipitation in some of the drought areas of the U.S. and mixed rainfall amounts across South America are the weather factors holding the market's attention Wednesday.

SHOWERS CONTINUE IN MIDWEST

A system continues to bring widespread showers to the region Wednesday and Thursday. Some areas in the east are dealing with wetter soils, making it more difficult to do fieldwork. Northwestern drought areas received some good precipitation overall that likely reduced the impact. Another front follows behind with some light showers on Friday into Saturday and another system next week should keep bringing soil moisture up across the region.

DROUGHT REDUCED BUT NOT GONE IN SOUTHERN PLAINS

A system brought widespread showers to the Southern Plains early this week and was the best precipitation drought areas have received in quite some time. Models disagree on a storm system for early next week that has some potential for more widespread showers. Even so, drought will continue to be a negative force in the region, especially as wheat continues to grow out of dormancy.

FEWER SHOWERS IN PACIFIC NORTHWEST

Recent showers in the Pacific Northwest have helped to build some snowpack and improve soil moisture prior to spring planting. Shower chances are becoming less frequent but appear to be adequate to finish out the month with some areas seeing above normal precipitation.

DRIER IN THE NORTHERN PLAINS

The Northern Plains was mostly missed by a system moving through the country this week. Another system moving through later in the week will bring temperatures down for eastern areas going through the weekend but with limited showers. Some scattered showers will be possible early next week, but models disagree on that. Drought continues to be a concern in the west before planting starts up.

MIXED SHOWERS IN BRAZIL

Scattered showers have become isolated in central and northern Brazil. A front will allow for some scattered showers in southern areas through Friday before becoming drier again going into next week. Drought areas in the south need more rain and central areas will start to see moisture declining well before the dry season starts, which is unfavorable for developing safrinha corn.

BRIEF SHOWERS FOR ARGENTINA

A front will clear showers out of Argentina on Wednesday while the low pressure lingers in Buenos Aires for Thursday with good precipitation. A front moving through Monday and Tuesday is likely to bring only spotty showers. Showers will have mixed impacts on late-planted corn and soybeans, being good in a few areas and inadequate in others. Dryness is still a concern for the country.

BLACK SEA WARMING UP

In the Black Sea region, conditions for the wheat going into the winter were mixed and there are large concerns about production due to the war. Precipitation over the winter has been above normal and should set up plants in favorable shape for development as more of the crop slowly awakens from dormancy as temperatures rise above normal this week. There are some chances for scattered light precipitation going into next week.

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

John Baranick