Commodities Market Impact Weather
Argentina Continues to be Dry
MINNEAPOLIS (DTN) -- Warmth and a somewhat active pattern in the U.S. and limited rain in the southern half of South America are the weather factors driving the markets Wednesday.
ABOVE-NORMAL TEMPERATURES IN MIDWEST
A strong system moved through the Midwest over the last couple of days with widespread precipitation and heavy snow and ice across the far 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. Otherwise, temperatures remain above normal for this time of year.
DRIER FOR CENTRAL AND SOUTHERN PLAINS
Heavy snow fell across Nebraska over the last couple of days, with some reports over 12 inches. Southwestern areas of the Plains 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
Some light snow will linger over eastern South Dakota 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 brought widespread precipitation not only to the Delta region, but also into the Ohio Valley this week. Recent precipitation has been able to keep water levels on the Mississippi River from falling too far. Forecasts are for another bump as the water farther north finally makes it south later this week and into next.
DRY AGAIN FOR SOUTHERN BRAZIL
A front brought scattered showers through southern Brazil over the last couple of days, but it is dry behind the front 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
Dry conditions continue in Argentina until a front moves through early to mid-next week. Showers with that front are expected to be very isolated anyway. 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 firstname.lastname@example.org
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