Commodities Market Impact Weather
Storms Continuing in Pattern Change
MINNEAPOLIS (DTN) –- An active pattern in the U.S. and showers for Argentina are the weather factors driving the markets Wednesday.
MIDWEST GETTING MORE PRECIPITATION
Another system will move through the Midwest over the next couple of days with widespread precipitation and heavy snow in the northwest. Even behind this system, temperatures remain above normal for this time of year. But another system moving through this weekend across southern areas will start a pattern change that will bring colder air through the region next week.
SEVERAL STORMS FOR CENTRAL AND SOUTHERN PLAINS
A strong system is moving through the Central and Southern Plains with widespread precipitation, including a band of heavy snow across the north. Scattered showers and thunderstorms are occurring farther south, and hit some of the drought areas. Another system will develop farther south for this weekend with more showers for southern areas, and there is potential for a similar system early next week. The drought will not be reduced in a significant way, but at least some precipitation will occur after months of dryness. 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 across the Northern Plains and Canadian Prairies 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 should get another boost next week.
FAR SOUTHERN BRAZIL MISSING OUT
A stalled front in southern Brazil continues precipitation from Parana northward this week. The state of Rio Grande do Sul is staying 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
Temperatures have increased back up to the triple-digit mark in Argentina and will continue to be hot until a front moves through Friday and Saturday. This front is forecast to bring through some decent rain, as well as some isolated showers ahead of it. Until the rains are determined, stress continues to be very high for developing soybeans and developing to reproductive corn across the country.
John Baranick can be reached at firstname.lastname@example.org
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