Market Impact Weather
Weekend Argentina Rain
OMAHA (DTN) -- Weekend rain favoring crop areas of Argentina, and generally favorable trends in Brazil, are the primary weather items for the commodity trade's attention Monday.
SHORT-TERM MIDWEST WINTER DELAYS
The DTN ag weather forecast calls for brief transport delays early this week due to a new round of harsh cold winds and moderate snowfall. After this, there are no significant concerns for transport and travel. Temperatures will be colder at times but probably not cold enough to harm winter wheat.
COLD WAVE BYPASSES SOUTHERN PLAINS
Moderate Southern Plains temperatures will favor wheat and livestock during the next 10 days. A cold wave coming southward out of Canada is mostly headed into the north and east Midwest and the northeast U.S.
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PERIODIC BRAZIL RAINFALL
Across Brazil, periodic showers will maintain adequate to surplus soil moisture for soybeans and corn in southern crop areas. Central and northern areas will have scattered rains, which favor late-filling crops while causing some brief delays in harvest progress.
FAVORABLE ARGENTINA RAIN
Central Argentina crop areas had moderate to locally heavy rain during the past weekend. More rain is indicated for this week. The rains are generally favorable for crops.
MILD RUSSIA TREND
Russia and Ukraine continue with no damaging cold expected during the next week. This will favor overwintering grains. Soil moisture this spring is expected to be adequate to surplus due to winter time precipitation, snow and sometimes rain.
VARIABLE CHINA CONDITIONS
In China's central crop belt, warmer temperatures early this week will give way to somewhat colder weather toward the end of the week or early next week. Precipitation may increase somewhat over southern and east-central areas. There are no significant concerns for winter wheat or rapeseed at this time.
DRY WEEK FOR SOUTH AFRICA
The South Africa pattern features warm to hot temperatures and mostly dry conditions during the next week. Rain is needed to prevent further declines in crop size.
Bryce Anderson can be reached at bryce.anderson@dtn.com
(AG)
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