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Commodities Market Impact Weather

Updated

Central US Pattern Change

Updated
DTN Weather Week In Review
Weather Week In Review
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OMAHA (DTN) -- A pattern change to warmer and drier in the central U.S., and limited impact from dryness in Russia, are the key weather items for the commodity trade's attention Wednesday.

MOSTLY DRIER MIDWEST PATTERN

The DTN ag weather forecast again features a turn to warmer and drier conditions over the Midwest during the next week to 10 days. This pattern change will be beneficial for crop development. Western areas have the highest chance of shower and thunderstorm development.

FAVORABLE SOUTHERN PLAINS HARVEST FORECAST

In the Southern Plains, a much warmer and drier pattern is forecast through the next week, which will be very welcome for harvest progress. This warmer and drier combination is also beneficial for row crop development.

BENEFICIAL NORTHERN COMBINATION

In the Northern Plains and Canadian Prairies, periods of rain and more seasonal temperatures continue to be featured in the forecast this week. An interior North America pattern change moves the storm track into the northern areas, offering the increased prospect for rainfall.

STILL HOT IN EUROPE

Western Europe crop areas have additional stressful heat wave conditions. Temperatures are forecast to reach the mid to upper 90s Fahrenheit, some 20 degrees F above normal. This is stressful for ripening wheat. Summer corn, sunflower, sugar beet and rapeseed crops will also be stressed by this intense heat.

LIMITED RUSSIA DRYNESS IMPACT

Russia and Ukraine crop areas again have scattered showers and lower temperatures indicated this week. This will be favorable for crops following a hot and dry trend over the past week to ten days. Dryness during the spring appears to have limited adverse impact on crop prospects; a private estimate Wednesday calls for Russia wheat production to be more than 10% larger than a year ago.

PATCHY INDIA MONSOON RAIN

India monsoon rain continues to develop some two weeks behind average in west-central crop areas. West-central crop areas have only scattered rain indicated through the next week.

Bryce Anderson can be reached at bryce.anderson@dtn.com

Follow Bryce Anderson on Twitter @BAndersonDTN

(CZ)

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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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