Commodities Market Impact Weather

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 Friday.

TWO MORE STORMS FOR MIDWEST

A little bit of lake-effect snow continues near the Great Lakes on Friday. Two more systems move through the Midwest next week with more widespread precipitation. Temperatures remain above normal for this time of year.

BETTER PRECIPITATION FOR CENTRAL AND SOUTHERN PLAINS

A weak system will bring isolated showers to the Central and Southern Plains early next week, but a system that moves through on Wednesday has some potential to bring more widespread precipitation, including for drought areas in the southwest. 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 only isolated showers. 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. Two more storm systems moving through 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 SEEING BETTER RAIN

A front is stalling with scattered showers across southern Brazil through Saturday. 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 safrinha corn planting.

DRYNESS YET AGAIN FOR ARGENTINA

A cold front that moved through Argentina over the last couple of days brought temperatures down, but only produced isolated showers in the main growing areas, unhelpful for developing corn and soybeans that are suffering in drought. Some models develop spotty 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. The prospect for production is still low.

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

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