Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- The end of arctic cold in the U.S. and brief showers in southern South America are the weather factors driving the markets Friday.

COLD WEEKEND FOR MIDWEST

Cold air and heavy lake-effect snows will continue in the Midwest through the weekend. Temperatures will moderate for most places next week. A system will pass through around Thursday and Friday next week, but models do not agree on the type, timing, or amounts of precipitation that will occur. Some colder air will follow the system, especially for the east.

CENTRAL AND SOUTHERN PLAINS MODERATING NEXT WEEK

Temperatures well below normal continue in the Central and Southern Plains through the weekend. Temperatures will moderate next week and will likely go back above normal again late next week. The region is likely to be skipped over as a storm system passes through Wednesday and Thursday of next week.

NORTHERN PLAINS WARMING NEXT WEEK

Light snows continue in the Northern Plains through Saturday with cold air. Temperatures will start to moderate next week but snowpack is likely to keep temperatures down a bit. A storm system may pass over the region next week with a few showers around Wednesday and Thursday.

DRY IN THE DELTA

Recent precipitation has benefited river levels on the Lower Mississippi. The effect is mostly temporary and river levels will be falling next week as temperatures moderate. A system will pass through around Thursday with potential for scattered showers, but models are having a tough time figuring out how this system will develop.

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 but will be if the dryness lasts into December.

ARGENTINA WITH A BRIEF SHOT OF RAIN

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. Dry weather follows that front for next week. 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. Another system will come through with scattered showers this weekend, keeping most areas wet. That will be followed by dryness for most of next week, helping waters to recede.

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

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