Commodities Market Impact Weather

MINNEAPOLIS (DTN) –- A warm and active pattern in the U.S. and limited showers for Argentina are the weather factors driving the markets Tuesday.

MIDWEST STAYING ACTIVE THIS WEEK

Two storm systems move through this week with widespread precipitation. Temperatures remain above normal for this time of year but will fall this weekend and especially next week as the pattern changes.

BETTER PRECIPITATION FOR CENTRAL AND SOUTHERN PLAINS

A strong system will move through Tuesday night and Wednesday with widespread precipitation, including a band of heavy snow across the north. Scattered showers and thunderstorms will occur farther south, and are likely to hit some of the drought areas. The drought will not be reduced in a significant way, but at least some precipitation will occur after months of dryness. Another system may develop farther south for this weekend with more showers for southern areas. Temperatures above normal will fall below normal, especially next week as the pattern changes.

NORTHERN PLAINS AND CANADIAN PRAIRIES EYEING RETURN TO COLD

Relative warmth will continue for the next week or so, reducing stress and feed requirements for livestock. However, colder temperatures will move into the region next week as the pattern changes.

WATER LEVELS ON LOWER MISSISSIPPI GETTING MORE HELP

Recent precipitation has been able to keep water levels on the Lower Mississippi River from falling into dangerously low territory, but models continue to hold levels lower than normal for most spots on the river. As more precipitation falls into the region this week and weekend, levels may get another boost next week.

FAR SOUTHERN BRAZIL MISSING OUT

A front moved into southern Brazil last weekend and has stalled, with precipitation continuing from Parana northward this week. The state of Rio Grande do Sul will be drier. Another front will move through this weekend, but clear out southern areas. Filling soybeans are getting a boost, as well as soil moisture in preparation for safrinha corn planting that will occur in the next two weeks.

ARGENTINA HOPING FOR DECENT RAINFALL

Dry conditions occurred in Argentina over the weekend with increasing temperatures. Some isolated showers will be possible over the next couple of days with scattered showers coming with a frontal passage Friday and Saturday. Showers will not be able to reverse drought conditions that have been gripping the country over the entire season. Before the front moves through, temperatures will again be well above normal and approach the 100-degree mark, keeping stress on developing to reproductive corn and soybeans.

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

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