Dry weather worsens the condition of crops in Argentina, Ukraine and Russia

In the main grain – producing countries of the Northern Hemisphere ,dry weather remains with light precipitation, which contributes to the harvesting of late crops. However, a lack of moisture can significantly worsen the condition of winter wheat crops. Increased corn harvesting increases pressure on prices, while wheat prices are not falling, as they have received support from a weather factor that will affect the future harvest. Brazil, thanks to heavy precipitation, accelerates the sowing of soybeans and corn, which puts pressure on prices. In Argentina, the lack of precipitation worsens the condition of winter wheat crops and delays the sowing of soybeans and corn.

In the” corn belt ” of the United States, dry and warm weather reigns with periodic rains, which contributes to the harvesting of soybeans and corn, as well as maintains soil moisture reserves on winter crops. Over the next 7-10 days, precipitation will increase and temperatures will decrease, but later dry and warm weather will return again.

During the week, rain will fall on the northern and Southern Plains, which will replenish the moisture reserves on winter crops and not delay harvesting too much. For several days, the temperature will be lower than normal, and from next week it will exceed the norm.

In Brazil, especially in the central states, there will be heavy rains for 7-10 days, which will contribute to the development of soybean and corn crops. In the south of the country, precipitation will be less, but earlier there was a significant amount of precipitation, which will accelerate the maturation of winter wheat crops.

In Argentina, dry weather worsens the condition of soybean and corn crops and the potential of winter wheat crops. This week there will be light rains, which will not be able to improve the condition of crops.

In Ukraine and central Russia, precipitation fell last week, but in general, dry weather prevails in the Black Sea region, which contributes to the harvesting of late crops.

Winter wheat crops in Ukraine and Russia will suffer from drought for 2-3 weeks, which will support prices, but lower corn prices under the pressure of accelerating harvesting will soon affect the wheat market.

GrainTrade

Tags: corn, Brazil, winter wheat, soybean, dry weather, USA, Ukraine, Аргентина