Commodities Market Impact Weather
More Large Storms Coming
MINNEAPOLIS (DTN) –- An active pattern in the U.S. and rain for Argentina are the weather factors driving the markets Thursday.
MIDWEST GETTING MORE PRECIPITATION
Another strong system moved into the Midwest Wednesday, continuing with the widespread precipitation on Thursday. Even behind this system, temperatures remain above normal for this time of year. But another system moving through this weekend across southern areas and another around midweek will start a pattern change that will bring colder air through the region afterward.
TWO MORE STORMS FOR CENTRAL AND SOUTHERN PLAINS
A strong system moved through the Central and Southern Plains with widespread precipitation Wednesday, including a band of heavy snow across the north. 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 are starting to fall below normal, especially next week as the pattern changes.
NORTHERN PLAINS AND CANADIAN PRAIRIES EYEING RETURN TO COLD
Relative warmth will continue in the Northern Plains and Canadian Prairies for the next week, reducing stress and feed requirements for livestock. However, colder temperatures will move into the region by late next week as the pattern changes. This pattern will favor more arctic air going into a good chunk of February that will be more stressful for livestock.
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 river basin this weekend and beyond, levels should get another boost next week.
FAR SOUTHERN BRAZIL STAYING DRIER
A stalled front in southern Brazil continues precipitation from Parana northward the next couple of days. 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 start picking up over the next week or two.
FORECASTING HEAVY RAIN FOR ARGENTINA
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. Two more fronts are forecast to move through next week and both are forecast to bring widespread heavy amounts as well. Until the rains are determined, stress continues to be very high for developing soybeans and developing to reproductive corn across the country. But this remains the best chance at stabilizing crop conditions all season.
John Baranick can be reached at firstname.lastname@example.org
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