Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- Additional rain for the Plains and Canadian Prairies and a drier Midwest and Brazil are the weather factors driving the markets Tuesday.

MIDWEST RATHER DRY THIS WEEK

Drier conditions are expected in the Midwest for most of the next week, which will help those with planting yet to do complete their tasks. Western areas may start to see showers bleeding eastward from the Plains over the weekend and could start to see some farther east next week as well. If showers disappoint, it will start to get dry again in some areas across the eastern Midwest, which may be concerning.

MORE RAIN FOR CENTRAL AND SOUTHERN PLAINS

More isolated to scattered showers will pop up in the Central and Southern Plains throughout the week in the High Plains, spreading eastward at times and continuing through next week as well. The rainfall may help to further reduce drought in some areas and is beneficial for developing summer crops and forages.

SHOWERS AGAIN FOR NORTHERN PLAINS

Isolated to scattered showers will develop in the Northern Plains throughout the week and are forecast to continue next week as well. Rain will be good for seed in the ground but may make it more difficult for those yet to plant to get done on time.

DELTA MUCH DRIER

Wetter soils in the Delta are mostly favorable for developing crops. Drier conditions have developed in the region and are likely to continue for the next week. Shower potential returns next week but is not a large chance. Overall conditions continue to be good across the region for developing crops for now.

WIDESPREAD RAIN FOR CANADIAN PRAIRIES

Drier conditions last week allowed for some good seeding progress in the Canadian Prairies. Widespread scattered showers have developed in the region and are forecast to continue throughout the week, hitting most areas with at least some decent rainfall. Northern Alberta is receiving some heavy rainfall early this week. Periods of showers may continue into next week as well, which may slow down seeding progress, but benefit soil moisture and drought reduction.

DRY FOR BRAZILIAN CORN THIS WEEK

Dry conditions are expected for most of Brazil this week. However, a front will move into southern areas this weekend and may progress in central safrinha corn areas next week. Any rain would be beneficial for corn and wheat. Temperatures remain warm this week but may become very chilly behind the front moving through next week. Will have to watch the temperature forecast closely if some frosts may develop.

SHOWERS CONTINUING IN ARGENTINA

Scattered showers went through Argentina over the weekend, favorable for increasing soil moisture for wheat. A few more fronts will move through this week with additional showers. Temperatures will fall below normal next week, which may produce frosts and freezes, limiting growth for wheat.

GOOD WEATHER FOR MOST OF EUROPE

Showers that have popped up since last week will continue near the Mediterranean throughout this week and maybe most consistent near Spain which has seen some favorable showers lately but is still in deep drought. Other areas are getting a chance to dry out and find some sun this week, favorable for crop development.

FAVORABLE WEATHER FOR THE BLACK SEA

An upper-low over the Black Sea and a couple of fronts in the region will provide scattered showers through next week, especially over wheat areas in eastern Ukraine. Soil moisture and warm temperatures are mostly favorable for crop development.

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

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