Commodities Market Impact Weather

MINNEAPOLIS (DTN) –- Two storm systems hitting the U.S. next week and rain for Argentina are the weather factors driving the markets Friday.

MIDWEST GETTING MORE PRECIPITATION

Another strong system moved through the Midwest the last couple of days. Even behind this system, temperatures remain above normal for this time of year. Two storm systems will move through with scattered rain and snow for the southeastern half of the region this weekend and the middle of next week. That will start a pattern change that will bring colder air through the region afterward.

TWO MORE STORMS FOR CENTRAL AND SOUTHERN PLAINS

A system will develop in Texas tonight and Saturday with more showers for the Central and Southern Plains, and a similar system should develop early next week. The drought will not be reduced in a significant way, but at least some precipitation will occur in southwestern areas 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 into next week, with reduced 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. Two more systems moving through this weekend and early-mid next week will help to give the river system another boost heading into February.

FAR SOUTHERN BRAZIL STAYING DRIER

A front will move through southern Brazil this weekend, but clear out early next week with dryness taking over again. The state of Rio Grande do Sul has been drier with concerns for filling corn and soybeans. Farther north, scattered showers continue. 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

A front is forecast to bring heavy scattered showers and thunderstorms to Argentina through Saturday. 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 john.baranick@dtn.com

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