Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- Scattered showers moving through the Corn Belt, with the potential for severe weather, and frosts in Brazil are the short-term weather factors driving the markets Monday.

SEVERE STORMS POSSIBLE FOR MIDWEST

Scattered showers and thunderstorms moved into the Midwest during the weekend with some limited reports of severe weather. The front to a system will continue to push through the region with scattered showers and potential for severe weather through Tuesday before the region dries out. Temperatures will be seasonable for a couple of days behind the front, but will increase this weekend and next week. Some of the drier areas in the region will continue to see stress while areas that have been wetter recently should be alright for filling corn and soybeans.

CENTRAL AND SOUTHERN PLAINS GETTING SOME SHOWERS

Scattered showers and thunderstorms moved through a good portion of the Central and Southern Plains during the weekend and will continue to press south through the week as a front settles down into Texas by midweek. The front will likely continue to produce showers across Texas through the weekend, which could offer some needed relief from the drought. Other areas will only see light to moderate rain with little to no effect.

DRY AND WARMING IN NORTHERN PLAINS

Scattered showers moved through the Northern Plains during the weekend but were not overly widespread. Though some showers may hang around North Dakota on Monday, drier conditions are expected for the week while temperatures will increase. The combination is not favorable for filling corn and soybeans.

SCATTERED SHOWERS FOR THE DELTA

Some isolated showers fell in the Delta this weekend, mostly across the south. A front will push through the region early this week with scattered showers. The front could hang up over southern areas, which would be beneficial for filling soybeans and cotton. Meanwhile, some of the areas in the north are still dealing with dryness concerns and will see favorable showers. Temperatures will be much more seasonable in this region.

GOOD HARVEST CONDITIONS FOR CANADIAN PRAIRIES

Scattered showers moved through the Canadian Prairies this weekend, and over areas of Alberta and Saskatchewan that are in need, but is likely too late to help out too much of the crop as harvest starts to pick up more. Mostly dry weather during the next 10 days should favor harvest conditions.

FROST FOR SOUTHERN BRAZIL WHEAT

A front is bringing favorable showers to southern Brazil, but is also bringing in much cooler conditions and a frost risk for the next couple of mornings. As long as the frosts are not too widespread, conditions remain favorable for wheat. Early plantings of corn in the south are finding good conditions for early development, shielded by the cold. Another front will move through later this week with more showers for southern areas. The front could stall out and continue showers into next week.

ARGENTINA WHEAT STILL COLD

A front that moved through Argentina this weekend did bring some decent showers to some wheat areas, but is also bringing cold air through again with widespread frosts and freezes. A front that moves through later this week will bring showers to northern agricultural zones but low temperatures yet again and likely more frosts. Limited rainfall and cold weather have been detrimental for wheat development so far this season.

FRONT MOVING THROUGH BLACK SEA

Some isolated showers moved through eastern Ukraine during the weekend but much of the Black Sea region stayed dry. A front will move through the region later this week, bringing temperatures down and helping to reduce stress for filling corn and sunflowers in some of the drier pockets in Russia. The front is not forecast to produce much precipitation outside of some spotty areas.

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

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