Commodities Market Impact Weather

MINNEAPOLIS (DTN) --- Rain moving into the Plains this week and a week of dryness for South America are the weather factors driving the markets Tuesday.

WARM FOR MIDWEST

Dry weather continues in the Midwest with rising temperatures that could approach records in some places in the middle of the week. A front will eventually find its way into western portions of the region Thursday and Friday with scattered showers. A storm system will develop along the front with more widespread showers for the weekend. Eventually some cooler air will move into at least western areas but likely through the region behind the system next week.

MORE RAIN COMING TO CENTRAL AND SOUTHERN PLAINS

Temperatures remain warm ahead of a cold front that will slowly slip into the Central and Southern Plains Wednesday and Thursday with scattered showers. There will be a system that forms along the front Friday night and Saturday that will bring more widespread showers, possibly for western wheat areas depending on the track. Poor wheat conditions are going to get some help but will need more rainfall soon.

LIMITED SHOWERS FOR NORTHERN PLAINS

It was dry in the Northern Plains over the weekend with very warm temperatures for this time of year. That continues Tuesday, but a cold front will slide through the region Wednesday and Thursday. More of the precipitation is likely to occur in Canada, but some showers may move through, which would be a mix of rain and snow. A stronger push of cold air comes through next weekend, setting up a bigger system for early next week that could bring some accumulating snow.

DRY FOR THE DELTA

A front brought widespread showers through the Delta over the weekend. The rain is making for small improvements on river levels that are still very low and will need much more. The rain also caused some delays to the remaining harvest. Drier conditions are expected for most of the week with a chance for showers coming through this weekend. Water levels are forecast to remain largely unchanged this week.

WEAK OF DRYNESS FOR BRAZIL

A strong front continues to move through northern Brazil with widespread and heavy showers Tuesday, but it will get very dry behind this front going through much of November. Showers will eventually work back into central Brazil next week but will take longer for southern states. Soil moisture in the south continues to be very favorable and can withstand a period of dryness as long as it is not too severe for too long. Overall, conditions are still mostly favorable for corn and soybean establishment in most areas for now.

ARGENTINA DRY UNTIL MID-NEXT WEEK

A cold front moved through Argentina over the weekend and now the country is very dry. The dryness is expected to last through early next week with isolated showers moving back into the country in the middle of next week. The long period of dryness continues to have a significant effect on filling wheat as well as corn and soybean planting and establishment.

OCCASIONAL SHOWERS IN THE BLACK SEA

Scattered showers went through the Black Sea region over the weekend, favoring winter wheat development, but causing further delays for corn and sunflower harvest. Another system moves through this week with more showers, keeping conditions fairly consistent. Warmer temperatures should help to keep wheat from going dormant for the next week, favorable for root development with the ample soil moisture in most places.

DRIER IN AUSTRALIA

More widespread rain moved across eastern areas of Australia over the weekend and continues Tuesday before drying out for the rest of the week. Crop quality has been feared to be decreasing with recent heavy rains and flooding. The drier stretch through at least the next week should help to drain soils.

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

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