Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- Widespread precipitation through the U.S., heat and overall dryness in Argentina, and more rain for Brazil are the weather factors driving the markets Monday.

ROUNDS OF PRECIPITATION FOR MIDWEST

A system is bringing precipitation across the Midwest Monday and will be followed by additional waves of precipitation throughout the rest of the week, especially across the west. Cooler temperatures will replace the recent warmth but will not be extremely cold.

SOUTHWESTERN PLAINS MISSING OUT ON ACTIVE WEEK

A front will slide south through the Central and Southern Plains over the next couple of days, with some scattered showers and falling temperatures. Near- to below-normal temperatures should be in place going into next week as well. Precipitation continues to be limited for southwestern areas where drought remains in control.

NORTHERN PLAINS AND CANADIAN PRAIRIES COLDER

A system moved into the Northern Plains over the weekend and continues on Monday with areas of snow. Additional waves of snow will press through the region throughout the week, adding up to some hefty amounts for a lot of the region. Colder air will also be in place for a while, with higher inputs than normal required for livestock.

FLOODING FORECAST FOR LOWER MISSISSIPPI RIVER

Water levels on the Mississippi River remain high for the foreseeable future due to a very active weather pattern across the watershed for at least the next week or so.

HEAVY RAIN IN BRAZIL CONTINUES

Scattered showers continue for much of Brazil's growing regions for the next week outside of Minas Gerais and Rio Grande do Sul, where showers will be more limited. Despite recent rains, many areas have made significant progress with regard to soybean harvest and corn planting. However, some areas are behind, somewhat significantly, and will expose more of the corn crop to the dry season which is forecast start in April. Corn already in the ground will benefit from good soil moisture.

HEAT CONTINUES IN ARGENTINA

Dry conditions continue to be a concern for immature corn and soybeans moving forward. Any showers will be limited for at least the next week, though far southern areas could see more widespread showers through the weekend. Heat that developed last week continues for the next week. The heat and dryness are keeping stresses high for both crops in various stages of growth.

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

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