Commodities Market Impact Weather
Poor Growing Conditions Continue in Argentina
MINNEAPOLIS (DTN) -- A warm and active pattern in the U.S. and poor growing conditions continuing in Argentina are the weather factors driving the markets Thursday.
SEVERAL DAYS OF PRECIPITATION FOR MIDWEST
Scattered showers and thunderstorms are moving across the Ohio Valley Thursday with a little bit of lake-effect snow that follows for Friday. Two more systems move through the Midwest next week with more widespread precipitation. Temperatures remain above normal for this time of year.
SHOWERS FOR CENTRAL AND SOUTHERN PLAINS
A weak system will bring isolated showers through the Central and Southern Plains early next week, but a system that moves through mid- to late-next week has some potential to bring more widespread precipitation, including for drought areas in the southwest. That one will be closely monitored. Temperatures will remain warm for January.
NORTHERN PLAINS AND CANADIAN PRAIRIES STAYING MILD
The pattern remains relatively dry for the Northern Plains going into next week with chances for snow around the middle of next week. The Canadian Prairies may see some precipitation over the weekend, but it is overall drier there as well. Temperatures will be above normal for this time of year, reducing stress and feed requirements for livestock.
WATER LEVELS ON LOWER MISSISSIPPI STAYING ELEVATED
Recent precipitation has been able to bring a boost to water levels on the Lower Mississippi River. A system moving through Thursday with thunderstorms, followed by two more storm systems next week, should keep levels from falling too much. As long as systems continue to run across the Mississippi and Ohio watersheds, levels should remain in good position.
SOUTHERN BRAZIL TO SEE BETTER RAIN
A front moves through with scattered showers across southern Brazil Thursday and Friday. Showers linger next week, though that is more likely to be in Parana and points north, with drier conditions across Rio Grande do Sul. Showers have been disappointing across the far 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 and for filling soils prior to corn planting.
FRONT COOLING, DRYING ARGENTINA
A cold front moving through Argentina is bringing temperatures down, but is only producing isolated showers in the main growing areas, unhelpful for developing corn and soybeans. Some models linger showers this weekend and next week, but that is not guaranteed to be helpful even if they occur due to recent drought and heat stress. It is more likely that the country stays dry. The prospect for production is still low.
John Baranick can be reached at firstname.lastname@example.org
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