Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- A storm with widespread precipitation in the U.S. and limited rain in the southern half of South America are the weather factors driving the markets Tuesday.

WIDESPREAD PRECIPITATION FOR MIDWEST

A strong system is moving into the Midwest on Tuesday with widespread precipitation, including a zone of freezing rain and heavy snow across the northwest. Though the system is strong, temperatures behind the system will not be overly cold outside of snow-covered areas, which will be on the cooler side of normal until next week.

DRY AFTER SNOW IN CENTRAL AND SOUTHERN PLAINS

A system is bringing a band of heavy snow across Nebraska and some scattered thunderstorms to the far east on Tuesday but will clear out on Wednesday. Southwestern areas missed out on any meaningful precipitation. The region will be drier going into next week, with only a slight chance for isolated showers Friday into Saturday.

NORTHERN PLAINS THE COUNTRY'S COOL SPOT

A system is bringing a band of snow to South Dakota into early Wednesday, but it is drier elsewhere in the Northern Plains and should remain that way going into next week. Temperatures will be on the cooler side of normal for the next few days, but should rise next week.

RIVER LEVELS IN THE LOWER MISSISSIPPI GETTING A LIFT

A strong system is bringing widespread precipitation not only to the Delta region, but also into the Ohio Valley for the next couple of days. Recent precipitation has been able to keep water levels on the Lower Mississippi River from falling too far. Forecasts are for another bump as the water farther north finally makes it through later this week and into next.

DRY AGAIN FOR SOUTHERN BRAZIL

A front is bringing scattered showers through southern Brazil, but the front will sweep north and stall in central states by Thursday with dryness over the south going into early next week. Showers have been somewhat disappointing recently across the south, which is causing concerns for reproductive to filling corn and soybeans. Otherwise, conditions over central and northern Brazil continue to be favorable for filling soybeans.

DRYNESS CONCERNS CONTINUE IN ARGENTINA

Another round of showers went through Argentina over the weekend but were disappointing for a lot of areas. Most areas saw less than an inch. Dry conditions will follow until another front moves through early to mid-next week. Showers with that front are expected to be very isolated as well. Conditions continue to be poor for corn and soybeans in the country as rounds of heat and dryness are only broken up by inadequate showers. That streak looks to continue through most of the month of January.

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

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