Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- Cold temperatures in the U.S., recent rainfall in Argentina, and some breaks for parts of Brazil are the weather factors driving the markets Monday.

BRIEFLY COLD FOR MIDWEST

A strong cold front pushed into the Midwest over the weekend, bringing a round of moderate to heavy snow from Iowa to Michigan. Some light precipitation will be possible early this week but should be drier and cold for the rest of the week. Warmer air will build back into the region over the weekend.

COLD BRIEF FOR CENTRAL AND SOUTHERN PLAINS

A cold front moved through the Central and Southern Plains over the weekend, bringing a round of cold air in. The cold will threaten livestock and exposed wheat for the next few days before some warmer air moves in from the west by the weekend. Southern areas will see precipitation continuing through Thursday and will be cold enough for some freezing rain and snow accumulations. Drought areas in Oklahoma and Texas will see some more precipitation, but not enough to turn the drought around in a meaningful way.

BRIEF, BUT INTENSE COLD FOR NORTHERN PLAINS, CANADIAN PRAIRIES

Very cold air pushed into the Northern Plains and Canadian Prairies over the weekend but will be replaced by some warm air late week and weekend. Another round of cold air may move into the region early next week but could be in-and-out as we move through February.

WATER LEVELS STILL HIGHER ON LOWER MISSISSIPPI

Recent precipitation has been able to keep water levels on the Lower Mississippi River from falling into dangerously low territory. The watershed has seen multiple rounds of precipitation moving through, which will keep river levels up. While the lower portion of the valley will continue to see rain throughout the week, drier and colder conditions farther north will limit water movement and we should see a decline in levels next week.

RAIN BREAKS FOR CENTRAL BRAZIL

A front moved into southern Brazil over the weekend, but precipitation was not very consistent or heavy, especially over Rio Grande do Sul. Central and northern areas will continue to see showers throughout the week, but there should be some breaks to complete some soybean harvest and safrinha corn planting from Mato Grosso to Minas Gerais. Otherwise, showers are trying to keep the delays coming.

ANOTHER FRONT BRINGING SHOWERS FOR ARGENTINA, THEN DRIER

A front went through Argentina last Friday with scattered showers and some very good amounts for the main growing area. There were many areas that received over an inch, but there were some areas that did not. Another front will pass through this week with scattered showers, but showers may again miss some key areas. The country's primary growing areas will be in a stretch of drier weather again until maybe mid-February when the next significant front moves through.

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

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