Commodities Market Impact Weather

OMAHA (DTN) -- Beneficial Midwest rain and a notably improved pattern in the Northern Plains and Canadian Prairies compared with a year ago are the primary weather features for the commodity market's attention Wednesday.

FAVORABLE MIDWEST RAINFALL

The DTN Ag Weather forecast calls for improvement in Midwest summer crop prospects following a week of moderate to locally heavy rainfall. Northern and central sectors of the region benefited the most from this moisture. Southern sectors continue with some stressful heat during the next 24 to 48 hours. A turn to milder temperatures is indicated during the next week to ten days with benefit to crops across the region.

VARIABLE SOUTHERN PLAINS MOISTURE

In the Southern Plains, stressful hot and dry conditions remain in effect over Texas and Oklahoma. Drought damage has been noted in winter wheat yields. Meanwhile, recent rainfall has been beneficial to crops in central and eastern Kansas.

MOISTURE ACROSS NORTHERN PLAINS

Northern Plains crop areas have seen widespread rainfall during the spring and so far in summer. The rain has also developed in the driest portions of the western sector of the region. Conditions and prospects are much improved for crops, including spring wheat and durum, compared with devastating drought a year ago.

LIMITED DELTA RAIN

Mostly light rain and hot temperatures highlight the seven-day forecast for the Delta. This may lead to stress in corn, soybean and cotton crops.

LOCALLY HEAVY SOUTHEAST RAIN

In the Southeast, several periods of rain continue in the forecast through the next week with moderate temperatures. This trend will generally be favorable for row crops and cotton.

SHOWERS FOR PRAIRIES

Canadian Prairies crop areas have near to below normal temperatures and several occurrences of showers and thunderstorms indicated in the seven-day forecast. This combination is favorable for most crop areas. Wheat crop conditions and prospects are generally much better than a year ago when drought severely affected yields.

DRY FOR BRAZIL HARVEST

Central Brazil continues with dry and very warm to hot conditions, favorable for safrinha corn harvest. Brazil ag agencies project total corn production this year to be more than one-third greater than last year's drought-affected corn crop. Mato Grosso reportedly will gather record totals for both corn and soybeans.

SCATTERED ARGENTINA SHOWERS

Argentina's crop areas have scattered rain showers in store for the next week. This will offer only slight easing of drought conditions. Western crop areas are notably deficient in soil moisture.

EUROPE HEAT AND DRYNESS

Western Europe has mainly hot and dry conditions in its ten-day forecast. This brings an unfavorable outlook for developing corn and oilseed crops.

Bryce Anderson can be reached at bryce.anderson@dtn.com

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