Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- Cold temperatures in the U.S. through the weekend, recent heavy rain in eastern Australia, and drier conditions for South America are the weather factors driving the markets Thursday.

COLD AND SNOWY FOR MIDWEST

Another push of very cold air will come through the Midwest Thursday and Friday with more snow showers. Lake-effect snows will continue through the weekend. Wheat is finding cause to go dormant this week. Temperatures will moderate for most places next week.

COLD FOR CENTRAL AND SOUTHERN PLAINS

Temperatures well-below normal continue in the Central and Southern Plains through the weekend as a couple of reinforcing shots of cold air move through along with some light snow. Temperatures will moderate next week and will go back above normal again. Wheat may be slipping into dormancy in poor condition, though.

WINTER CONITNUES FOR NORTHERN PLAINS

Light snows continue in the Northern Plains over the next couple of days as a couple of reinforcing shots of cold air move through. Temperatures will start to moderate next week but snowpack is likely to keep temperatures down.

DRY IN THE DELTA

Recent precipitation, including what occurred with the remnants of Nicole, has benefited river levels on the Lower Mississippi. The effect is mostly temporary and river levels will be falling next week. Warmer air returns next week.

BRIEF SHOWERS FOR SOUTHERN BRAZIL

Showers will continue over central Brazil for the next week while southern areas stay dry through the weekend. A cold front will bring scattered showers to southern areas early next week before turning drier again. With the recent showers, the dryness in the south will not be concerning just yet.

ARGENTINA SEEING ANOTHER SHOT OF SHOWERS

Soil moisture is still below normal for most of Argentina despite recent showers. A weak front will allow for some isolated showers to return to southern areas for the next few days before a front pushes the showers out Sunday into Monday. Rainfall will be scattered and not all areas are expected to be hit. The dryness and drought continue to be concerns until showers become more consistent.

FREQUENT PRECIPITATION FOR THE BLACK SEA

Scattered showers will move through the Black Sea region for the next week, which is unfavorable for later harvest of corn and sunflowers. Wheat will go dormant through the end of the month, mostly in good condition where planting was able to occur.

MORE SHOWERS COMING TO AUSTRALIA

Recent heavy rains in eastern Australia are leading to quality concerns and flood damage to a potential record crop. Dry conditions are expected for the next couple of days, but another system will come through with scattered showers this weekend, keeping most areas wet.

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

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