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Commodities Market Impact Weather

Updated

Cutoff Low Bringing Widespread Rain

DTN Weather Week In Review
Weather Week In Review
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MINNEAPOLIS (DTN) -- A storm system in the southern and eastern U.S. and limited rain in southern South America are the weather factors driving the markets Friday.

RAIN IN MIDWEST THIS WEEKEND

A large system in Texas will come through the Midwest on Saturday and Sunday with widespread precipitation, though mostly in the form of rain. Northwestern areas are unlikely to see any significant precipitation into early next week. A strong front will move through Tuesday and Wednesday with more widespread precipitation and a brief shot of cold air.

CUTOFF LOW BRINGING RAIN FOR CENTRAL AND SOUTHERN PLAINS

A system that has been producing scattered showers across the Southern Plains since Wednesday night will lift northeast on Saturday. Moderate to heavy snow will still be possible in west Texas. A strong cold front will move through Tuesday and Wednesday with scattered showers and a brief burst of cold air.

COLD AIR COMING FOR NORTHERN PLAINS

A system will move through the Northern Plains this weekend with some light precipitation. Another system could bring some moderate precipitation Monday and Tuesday with cold, arctic air following the front.

RIVER LEVELS FALLING ON LOWER MISSISSIPPI

Recent precipitation north of the Delta has improved water levels on the Mississippi River, but water levels are falling again. A system will bring scattered showers to the area and points north this weekend, which may hold off the decline a bit. If another system can bring widespread precipitation next week, that would also keep water levels from falling too harshly.

SHOWERS SPREADING IN BRAZIL NEXT WEEK

Scattered showers will continue in central and northern Brazil as is typical for this time of year. Southern areas could see isolated showers fill back in over the weekend or early next week, but would be spotty and light. Precipitation has been below normal over southern areas for the last month. Good rains earlier in the spring have set corn and soybeans in mostly good shape to start the season, but soil moisture is starting to fall across the south and concerns are growing about increasing dryness where rains are disappointing as early planted crops are getting closer to pollinating stages.

ARGENTINA'S DROUGHT CONTINUES DESPITE RAINS

Dry conditions this week continue to exacerbate drought conditions in Argentina despite recent periods of rain. Isolated showers will return to far southern areas over the weekend and will spread through the rest of the country last week but will be spotty and light overall. The dryness and drought continue to be concerns until showers become more consistent.

SHOWERS CONTINUING IN THE BLACK SEA

Scattered showers continue in a few bursts across the Black Sea region this week and weekend. Soil moisture is mostly good for wheat before it goes dormant over the next couple of weeks. Prospects are high for a good crop depending on how much was able to be planted this fall.

AUSTRALIA DRYING OUT

Recent heavy rains in eastern Australia have caused quality concerns for winter wheat and canola over the winter and spring but have also led to forecasts for record yields. More isolated showers are possible this weekend but should be spotty. The drier weather this week should help crops dry out for harvest, which is starting to pick up.

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

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This is not presented as a commodity trading recommendation. Weather is only one of many factors which can influence the market on any given day.
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