Commodities Market Impact Weather
Warm and Active This Week
MINNEAPOLIS (DTN) -- Above-normal temperatures and chances for precipitation in U.S. and limited rain in the southern half of South America are the weather factors driving the markets Wednesday.
TEMPERATURES RISING IN THE MIDWEST
Some very warm air is moving into the Midwest and should be around for at least the next week. This will cause melting and potential for ice jams and flooding, mostly across northern zones. In addition, scattered rain showers are expected later this week and weekend with a couple of disturbances moving through, mostly along the Ohio Valley. A larger storm system is forecast to bring widespread precipitation early to mid-next week, which may include a band of heavy snow.
SOME SHOWERS FOR CENTRAL AND SOUTHERN PLAINS
A couple of storm systems will move across the Central and Southern Plains over the next few days, but precipitation is going to be limited and more likely for northern areas than anywhere else. This will likely be a mix of rain and snow. Precipitation is not forecast to be very heavy or help with the drought situation. A larger storm system is forecast to move through early next week with more widespread precipitation. It is still being determined if anything significant will fall on the southwestern Plains, however.
WARM IN THE NORTHERN PLAINS
Temperatures will remain above normal in the Northern Plains through the weekend. Any threat to arctic cold temperatures is well off in time. A couple of systems will move through and bring periods of rain and snow for the next week. The more concerning storm is next Monday, which may bring a wide band of wintry precipitation.
RIVER LEVELS IN THE LOWER MISSISSIPPI GETTING A BUMP THIS WEEK
Warmer air is returning to the Delta and other areas of the country, which will help to melt snow and bring more water through the river system. Additional periods of showers are expected late this week and weekend and again early next week, which will help to add to the river as well. Water levels reached a peak last week but will be helped out by a slightly active pattern going into the new year.
ONLY LIMITED SHOWERS FOR SOUTHERN BRAZIL
Scattered showers will continue in central and northern Brazil for at least the next two weeks, as is typical for this time of year. Soybeans remain in mostly favorable condition, though dryness across the far south is a little concerning for both corn and soybeans that are in reproductive stages. A cold front moved into the south with brief, but significant showers, but it will dry out behind it. Rio Grande do Sul and eventually Parana will dry out and some concern over crop conditions continues in these states. Some showers will move back in early next week, however.
BRIEF SHOWERS FOR ARGENTINA
Another round of showers will move through Argentina this weekend, but it will get dry behind that front again. Showers are not coming at a consistent enough clip to reduce drought or turn around crop conditions for corn and soybeans that have been significantly harmed by heat and drought this season. Planting on both crops remains behind the normal pace as well.
John Baranick can be reached at firstname.lastname@example.org
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