Commodities Market Impact Weather

Extended Forecast Unfavorable for Brazil and Argentina

John Baranick
By  John Baranick , DTN Meteorologist

MINNEAPOLIS (DTN) -- Cold air leaving the U.S. and an extended forecast promising heavy rain in central Brazil and isolated showers for Argentina are the weather factors driving the markets Wednesday.

CLIPPERS CONTINUING TO MOVE THROUGH MIDWEST

Several fronts and clippers will continue to move through the Midwest through next week, causing temperatures to bounce around a bit and bringing through some occasional light snow and lake-effect snow.

GENERALLY COOLER FOR CENTRAL AND SOUTHERN PLAINS

A couple of fronts moving through may bring some light showers to the Central and Southern Plains this week. But a front will get stuck across the south this weekend and could bring several rounds of showers through next week, especially to Texas. Colder air continues in the region and most of the ground is exposed, which may cause some winter kill on wheat.

ROLLERCOASTER TEMPERATURES FOR THE NORTHERN PLAINS

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Temperatures will waffle around a bit in the Northern Plains with several fronts moving through over the next week. Those fronts will continue to bring only light snow through. Drought continues to be a major concern this winter.

WATER LEVELS SLOWLY FALLING ON THE MISSISSIPPI RIVER

Water levels have fallen from their highs earlier this month but are still above the low water mark. Limited precipitation across the Central and Northern basin will cause levels to fall going into February and could cause some transportation disruptions for late winter.

EXTENDED FORECAST PROMOTING HEAVIER RAIN RETURNING TO CENTRAL BRAZIL

Early soybean harvest in central Brazil is off to a slow start due to late planting and heavy rainfall, but showers are lighter this week and some ground may be able to pick up. However, the forecast is for heavier rain next week into early February and could cause quality issues for soybeans and delays for the safrinha corn harvest. Southern areas are seeing isolated showers become more scattered later this week and into the weekend, favorable for filling crops there, but also a hindrance to harvest. Showers will become more isolated there next week.

ISOLATED SHOWERS MOVING THROUGH ARGENTINA

Spotty showers are in the forecast for Argentina, helping some areas where they hit, but missing more than they help. Western areas like Cordoba are more favored than those in the east. High temperatures approaching 100 degrees in between showers will continue to stress crops and we should continue to see declines in crop conditions.

HEAVIER PRECIPITATION FOR WESTERN EUROPE

Soil moisture in Spain will finally see some improvement with showers forecast to move through western Europe in several waves going into February. That does mean more rainfall for the northwestern areas that are not in need of precipitation right now, though. Italy and the southeast are only in line for periodic light showers, however, and could use more rain.

SPOTTY RAINFALL IN AUSTRALIA

Showers have been favorable in eastern Australia for developing cotton and sorghum but the south and west are seeing declining soil moisture. Remnants of Tropical Cyclone Sean may drift into western areas by the end of this week but may not bring much rain through. Temperatures will remain above average which could dry soils out even further.

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

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John Baranick