Weather and Market Commentary: January 26, 2010
January 26, 2010 by sabrina829
Tuesday, January 26, 2010:
The 24-hour period ending January 19 was the last time that Argentine corn and soybean growing areas saw a decent rain, and we will go through the rest of this work-week with that area staying dry. A ten-day spell of dry weather normally is something to be worried about, but excellent soil moisture heading into this dry period is allowing the crops to do quite well so far (some areas likely are benefitting from this drier weather). As conditions have dried out it has gotten warmer, though so far the heart of the main corn and soybean growing region has had highs no worse than the lower 90s (only parts of La Pampa and far southern Buenos Aires, generally considered to be very minor corn and soybean production areas, have had highs in the upper 90s to around 100). Temperatures in the main growing areas will likely stay in the low 90s through Thursday, then could be a notch warmer than that for Friday. Obviously we need to eventually get the rains started again, and that looks to be the case for the end of this week and into the early days of February.
It may be a bit of a slow process, but during the five-day period from January 30 to February 3, I would expect that all of the Argentine corn and soybean belt will get a nice rain. There is reason to believe that rain chances will continue beyond February 3, so there is no indication that our current dry spell is going to be repeated again soon. In Brazil, corn and soybean crops remain very well watered. We are starting to get into the time of year when rain becomes less and less beneficial to the soybean crop in northern Brazil as more and more acreage readies itself for harvest. A lot of rain will fall through the end of the coming weekend for a large part of Mato Grosso, southern Goias, eastern Mato Grosso do Sul, Sao Paulo, and northern Parana so harvesting will be slowed some there. Beyond that though is drier weather for next week and thus big harvest delays are not something that worries me at this time. February is the month when the soybean crop is “made” in southern Brazilian states like Rio Grande do Sul. That crop is well-watered right now, and looks to see very good rains for much of next week.
Freese-Notis Weather/Weather Trades, Inc. Des Moines, Iowa Copyright 2010 – All Rights Reserved
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Weather and Market Commentary: January 26, 2010
January 26, 2010 by sabrina829
Tuesday, January 26, 2010:
The 24-hour period ending January 19 was the last time that Argentine corn and soybean growing areas saw a decent rain, and we will go through the rest of this work-week with that area staying dry. A ten-day spell of dry weather normally is something to be worried about, but excellent soil moisture heading into this dry period is allowing the crops to do quite well so far (some areas likely are benefitting from this drier weather). As conditions have dried out it has gotten warmer, though so far the heart of the main corn and soybean growing region has had highs no worse than the lower 90s (only parts of La Pampa and far southern Buenos Aires, generally considered to be very minor corn and soybean production areas, have had highs in the upper 90s to around 100). Temperatures in the main growing areas will likely stay in the low 90s through Thursday, then could be a notch warmer than that for Friday. Obviously we need to eventually get the rains started again, and that looks to be the case for the end of this week and into the early days of February.
It may be a bit of a slow process, but during the five-day period from January 30 to February 3, I would expect that all of the Argentine corn and soybean belt will get a nice rain. There is reason to believe that rain chances will continue beyond February 3, so there is no indication that our current dry spell is going to be repeated again soon. In Brazil, corn and soybean crops remain very well watered. We are starting to get into the time of year when rain becomes less and less beneficial to the soybean crop in northern Brazil as more and more acreage readies itself for harvest. A lot of rain will fall through the end of the coming weekend for a large part of Mato Grosso, southern Goias, eastern Mato Grosso do Sul, Sao Paulo, and northern Parana so harvesting will be slowed some there. Beyond that though is drier weather for next week and thus big harvest delays are not something that worries me at this time. February is the month when the soybean crop is “made” in southern Brazilian states like Rio Grande do Sul. That crop is well-watered right now, and looks to see very good rains for much of next week.
Freese-Notis Weather/Weather Trades, Inc. Des Moines, Iowa Copyright 2010 – All Rights Reserved
For Previous Fastline Blog Posts- Click Here
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