Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- An active storm track through the U.S., and limited rain in Argentina, but better amounts in southern Brazil are the weather factors driving the markets Wednesday.

MIDWEST STAYING ACTIVE

A front continues to sweep through the Midwest on Wednesday, which brought widespread precipitation on Tuesday and moderate snow in the northwest. Cold temperatures are filling in behind the front but will rebound for late week only to be put back down over the weekend with another front moving through. That front should have less coverage of precipitation. Another storm system early next week could produce scattered showers as well.

SYSTEMS MOSTLY MISSING CENTRAL AND SOUTHERN PLAINS DROUGHT

A cold front brought a band of light snow through Nebraska on Tuesday but most of the rest of the Central and Southern Plains stayed dry. Temperatures will fluctuate wildly for the next week as cold air now will be replaced with very warm air going into the weekend. Another cold front moving through next week will bring a return to cold air, at least across the north. Showers will occur with the front but are likely to miss the drought areas in the west.

NORTHERN PLAINS STAYING ON THE COLDER SIDE

Bursts of cold air are coming down from Canada into the Northern Plains over the next couple of weeks. A system will likely bring a round of snow through the region Friday, which may be moderate.

RIVER LEVELS BOUNCING ON LOWER MISSISSIPPI

The Delta region is staying active over the next couple of weeks with several fronts moving through. Scattered showers accompany the fronts, but are also falling farther north, which will add water to the river system. A boost in water levels is forecast this weekend with levels bouncing around as precipitation continues to add to the system. Widespread improvements are not anticipated, however, as much of the watershed still remains in drought.

WIDESPREAD SHOWERS IN BRAZIL

Scattered showers will continue in central and northern Brazil as is typical for this time of year. Southern Brazil is seeing isolated showers fill back as well. A front will come into southern Brazil on Friday and stall, allowing for more precipitation to accumulate going into next week, which would reverse the recent trend of below-normal rainfall at a crucial time for full-season corn that is nearing pollination.

BRIEF SHOWERS IN ARGENTINA

Isolated showers are briefly filling back in across the country but will be pushed out by a cold front Thursday. Drier conditions follow going into next week, along with increasing temperatures. Dryness and drought continue to be concerns for all crops until showers become more consistent.

DRIER IN AUSTRALIA

Recent heavy rains in eastern Australia have caused quality concerns for winter wheat and canola over the winter and spring but have also led to forecasts for record yields. Some showers will move through Queensland in a couple of shots this week, but most areas will be drier, helping to reduce soil moisture and improve quality.

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

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