Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- A couple of storm systems for southern areas of the U.S. under mild temperatures, good rainfall in central Brazil and continued good weather in Argentina are the weather factors driving the markets Tuesday.

QUIET MIDWEST UNTIL THE WEEKEND

Some light snow moved through the Midwest over the long holiday weekend, but it was still mild for the end of December. A couple of systems may scrape into the region this week and weekend with the most likely area to get precipitation in the far east on Saturday. Models are working that out but appear to be favoring some significant snow accumulation. A storm system that goes through next week is forecast to be much more significant with impacts and bring colder temperatures into the region.

A COUPLE OF SYSTEMS MOVING THROUGH CENTRAL AND SOUTHERN PLAINS

It was quiet in the Central and Southern Plains over the long New Year's weekend. But the storm track will set up over the region this week and next and bring a few storms through. A very weak system will go through southern areas Tuesday into Wednesday with limited showers. A stronger storm system looks to bring a mix of rain and snow on Thursday and Friday. An even larger system is forecast for early next week which may bring another blizzard through the region. Models are still working that out, but it should be another strong event with snow accumulation farther south than the Christmas storm. Much colder air is likely to follow that system

NORTHERN PLAINS QUIET AND WARM NEXT FEW DAYS

It was relatively warm and quiet in the Northern Plains over New Year's weekend. Quiet conditions are likely for most of the week as well as systems move off to the north and south. A strong system early next week will send temperatures falling below normal for mid-January. Snow chances are being worked out by models.

MORE RAIN COMING FOR DELTA

It was rather quiet in the Delta over the long holiday weekend. However, this week will show some life as the El Nino storm track brings two systems through this week. A much larger storm is expected next week as well. Water levels on the Mississippi River have been up and down over the last several weeks with storm systems improving conditions for a while and then getting worse, but the coming active weather should be more helpful.

HEAVY RAINFALL FOR CENTRAL BRAZIL

Widespread showers over the weekend for central Brazil should be overall helpful for filling soybeans. That same weather continues through this weekend and probably next week as well, especially from Mato Grosso to Minas Gerais. Southern areas will see rain early this week but then go drier until a system comes north from Argentina Sunday or Monday. Recent drier weather in the south has been favorable overall for draining excessive moisture in the region, but a return to seasonable rainfall would be preferred for developing to filling crops.

GOOD WEATHER FOR ARGENTINA

Frequent rainfall over the last several weeks in Argentina has put much of the corn and soybean crop in a good place with some of the long-season corn reaching reproduction with full soil moisture. Rainfall will be light this week but is still occurring for limited areas. Rainfall is forecast to increase this weekend and should come at a regular clip for next week as well. Weather continues to favor both corn and soybeans.

MORE RAIN AND SNOW FOR EUROPE

Scattered showers went through much of Europe over the long weekend and a potent burst moved across the UK and France. The pattern continues to be active this week with several systems going through, including one across the south which should help some drier areas in Spain and Italy with vegetative wheat.

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

(c) Copyright 2024 DTN, LLC. All rights reserved.