Commodities Market Impact Weather

Strong Storm Moving Through, Arctic Cold Coming

John Baranick
By  John Baranick , DTN Meteorologist

MINNEAPOLIS (DTN) –- A strong system moving through the U.S., a return of some very cold temperatures later this week, and widespread rain for Argentina are the weather factors driving the markets Tuesday.

ANOTHER STORM FOR MIDWEST, COLD COMING

A strong system will bring another band of moderate to heavy snow for southeastern areas of the Midwest Tuesday night and Wednesday. A clipper will bring a strong cold front into the region Friday and Saturday that will send temperatures well below normal. The front will be pushed southward a couple of times by additional systems over the weekend and next week. Each will bring precipitation with them and push the colder air deeper through the region.

STRONG STORM FOR CENTRAL AND SOUTHERN PLAINS

A system is producing widespread precipitation across the Southern Plains Tuesday, including a band of moderate to heavy snow across northern Texas, Oklahoma, and southeastern Kansas. This is the best chance for precipitation this region has seen in a long time. A front will move into the region this weekend and may provide some additional showers, but temperatures will fall dramatically behind the front.

ARCTIC COLD COMING FOR NORTHERN PLAINS AND CANADIAN PRAIRIES

A clipper system will bring a strong cold front through the Canadian Prairies on Thursday and the Northern Plains on Friday that will bring in arctic air for the end of January and the beginning of February, leading to increased stress for livestock.

WATER LEVELS ON LOWER MISSISSIPPI STAYING UP

Recent precipitation has been able to keep water levels on the Lower Mississippi River from falling into dangerously low territory. The watershed has been active and will stay active with several rounds of precipitation moving through heading into February, which should keep river levels up for a while yet.

RAIN IN BRAZIL DELAYING HARVEST

Dryness is taking a hold of southern Brazil yet again until another front moves through this weekend. Models disagree, but could linger that front in the region next week, which would be helpful for filling corn and soybeans. Widespread precipitation elsewhere continues to favor later-planted soybeans, but is delaying harvest a little. If the wetness continues too long, it may push back the safrinha corn planting schedule, which would not be an ideal scenario for the crop.

MORE RAIN FOR ARGENTINA

A front moved through Argentina over the weekend with scattered showers. A lot of 0.75-1.5" reports were received, but the crop is in deep drought and crop conditions continue to be very poor. Another couple of fronts will move through this week, which may not be as organized as the last front, but are still forecasting similar amounts for the week. Should amounts disappoint, the region would have to wait until the middle of next week for the next chance of rain. If the forecasts hold, stabilization of the corn and soybean crops is likely, but a stark turnaround may not occur.

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

John Baranick