Commodities Market Impact Weather

Teresa Deutchman
Staff Meteorologist

MINNEAPOLIS (DTN) -- An active storm track through the U.S., a heatwave in Argentina, and some better rainfall in central Brazil are the weather factors driving the markets Wednesday.

PERIODS OF SHOWERS FOR MIDWEST

A clipper will move through Wednesday, bringing isolated showers. A system will push through from the south on Thursday and Friday with more consistent and widespread precipitation, especially across the south. Temperatures will trend more on the mild side until another system comes through early next week.

MIDWEEK PRECIPITATION FOR CENTRAL AND SOUTHERN PLAINS

A system will form in Texas on Wednesday night and push northeast Thursday. Precipitation will be most likely over eastern areas but cannot rule out some showers for the drought areas in the west. A few more rounds of showers remain possible through this weekend and into early next week, which may benefit the drought conditions. Temperatures will remain well above normal through this weekend.

LIGHT SNOW FOR NORTHERN PLAINS

Some light snow will drift through the region Wednesday with scattered showers across the south Thursday. The next major system will impact the region early next week. Near-to-below normal temperatures will be in the region through the end of the week with a slight warmup by this weekend. Another drop in temperatures is expected behind a cold front moving through early next week.

RIVER LEVELS STAYING HIGHER ACROSS THE LOWER MISSISSIPPI

River levels are rising this week for most areas, with fronts crossing the region and bringing scattered rain through the end of the week. Another quick shot of rain is possible Saturday before another broad front enters the region early next week.

SHOWERS EXITING SOUTHERN BRAZIL

Scattered showers will continue in central and northern Brazil as is typical for this time of year. Southern areas will dry out with only periodic showers through the weekend. A front moving through early next week will provide some better precipitation but then clear the region out later next week. Corn in the far south may be seeing some stress developing as temperatures remain warm through the end of the week. Soybeans are generally in good condition across the country.

HEATWAVE FOR ARGENTINA

Showers will remain isolated through the end of the week, but high temperatures in the region will cause further stress and potential damage to developing corn and soybeans. Planting is also very delayed and progress may be limited through the end of this week. Models do bring through a couple of cold fronts this weekend into early next week with more showers and will push out the high temperatures for a brief amount of time. The showers that come with the fronts are not expected to be widely scattered or heavy, but some isolated areas could see moderate rainfall. Overall, conditions continue to be poor for corn and soybeans until precipitation becomes more consistent.

Teresa Deutchman can be reached at teresa.deutchman@dtn.com

(c) Copyright 2022 DTN, LLC. All rights reserved.