Precipitation in the United States, Argentina and Brazil will reduce the impact of drought on crops and prices

This week, moderate to heavy rainfall occurred across the United States, which reduced drought events on winter wheat crops and replenished soil moisture reserves in the Corn Belt. In Argentina and southern Brazil, dry weather remains, but rain is expected in the next 5-7 days, which will improve the condition of soybean and corn crops.

The cold front brought moderate to heavy precipitation to the Southern Plains of the United States, but in the western regions precipitation was insignificant, so they could not remove the arid phenomena.

In the northwestern United States, closer to the Pacific coast, the drought is also increasing, as the amount of winter precipitation was very low, and no precipitation is expected over the next week.

In the Midwest, there was moderate to heavy precipitation in the form of rain and snow, and next week there will come a cold front with heavy precipitation.

Dry weather in southern Brazil has reduced the potential of the soybean crop and the first corn crop, and short-term rains that will pass during the week will no longer be able to significantly improve the condition of crops. In addition, the lack of precipitation can affect the crops of corn of the second crop. In the central and northern regions of the country, the weather contributes to the development of soybean crops and corn sowing of the second crop, and good precipitation is forecast for the following weeks.

In Argentina, precipitation last week improved the condition of soybean and corn crops, but this week there was no rain, which can increase dry phenomena during the critical period for the development of crops, when the crop is formed and dewdrops need moisture. Next week, precipitation will increase and air temperatures will decrease, which will reduce stress on plants and improve the potential of soybean and corn crops.

The weather in Argentina and Brazil in the next 2-3 weeks will be crucial for the prospects for the future soybean and corn harvest.

GrainTrade

Tags: crop condition, Argentina, corn, Brazil, prices, soybean, USA