Commodities Market Impact Weather

MINNEAPOLIS (DTN) -- Much of the United States is still dealing with cold arctic air today, while Argentina will see a drier stretch of weather this week with wet-season showers continuing into central Brazil. These are the weather factors driving the markets Tuesday.

TEMPERATURES REBOUNDING IN THE MIDWEST LATER THIS WEEK

Cold air will remain intact across the region for the next few days, causing stress to livestock. Precipitation has been spotty and light throughout the region lately and this pattern looks to continue into the end of January with weak Canadian clipper systems moving through. By early February, temperatures could warm above average and lead to some thawing in southern areas.

COOLER AIR STICKS AROUND IN THE SOUTHERN PLAINS INTO THE END OF THIS WEEK

Exposed wheat areas in the southwest Plains may see some winter kill from this burst of cold that will last through the rest of this week. A stronger system will bring accumulating snow on Tuesday, but mainly along the Gulf Coast of Texas. Light snow showers will move through the Central Plains this week before another system could bring widespread rainfall to the southeast Plains by this weekend.

LIGHT SNOW SHOWERS GRAZE THE NORTHERN PLAINS THIS WEEK

Arctic air moved into the area this past weekend and will linger through Tuesday, providing stress to livestock. Light snow showers are expected to advance through the region through early this weekend, but temperatures will begin a warming trend by Wednesday. Temperatures will fluctuate a few degrees above or below average this weekend with another warmup on the way by next week.

SOUTHERN MISSISSIPPI VALLEY REMAINS IN AN ACTIVE WEATHER PATTERN

Northern areas of the Mississippi Basin could use more frequent or heavier precipitation to keep water levels up while southern areas remain in good shape. Below-average temperatures and a strong system moving through the Gulf of Mexico will lead to measurable snowfall across southern Louisiana and Mississippi on Tuesday. Another round of widespread showers could develop later this weekend into early next week, again favoring the Lower Mississippi Valley.

DELAYS IN SOYBEAN HARVEST FOR CENTRAL BRAZIL

Early soybean harvest in central Brazil is off to a slow start as wet-season showers show no signs of letting up this week. If rainfall continues to be heavy into February, it may have more of an impact on harvesting soybeans and planting safrinha corn. Rio Grande do Sul and Parana received some scattered showers this past weekend with the next chance of widespread showers returning this Friday. The rain showers are favorable for filling soybeans and pollinating corn, but after the recent dry stretch through the first half of January, even more rain is needed to catch up from the rainfall deficits.

DECLINING CROP CONDITIONS STILL A CONCERN IN ARGENTINA

A system moved through central and northern areas this past weekend, dropping widespread showers across Cordoba and Santa Fe. Western areas of Buenos Aires saw spottier showers and are in need of more rainfall. Temperatures this week will continue to slowly trend above average, with high temperatures reaching the 90s or low 100s. For areas that missed out on the showers over the past week, crop conditions may only continue to decline. The next system to bring precipitation to Argentina may not be until late this week, but the bulk of the precipitation currently favors far northern and eastern areas.

SPAIN FINALLY SEES CONSISTENT SHOWERS THIS WEEK

Soil moisture in Spain will finally see some improvement with showers expected to be more consistent across the country through the middle of this week. Showers are also expected to pick up across northwest Europe with a significant system moving through on Friday. Precipitation is much more isolated and lighter across the east and temperatures are expected to remain above average into the end of the month.

REMNANTS OF A TROPICAL CYCLONE COULD MOVE INTO WESTERN AUSTRALIA

Showers have been favorable in eastern areas for developing cotton and sorghum, but the west is seeing declining soil moisture. Remnants of tropical cyclone Sean may eventually drift into western areas by the end of this week, but before then, temperatures will remain above to well above average which could dry soils out even further. Isolated to scattered showers continue in the east this week.

Teresa Wells can be reached at teresa.wells@dtn.com

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