Drought in Ukraine, Brazil and part of the Russian Federation can significantly reduce the cultivated area

Traders' attention is focused on the weather in Ukraine and the south-west of the Russian Federation, where dry and hot weather prevents the sowing of winter rapeseed and wheat. In addition, increased heat in central Brazil will not allow soybean sowing to start on time. In the Black Sea countries last week, dry and hot weather continued to reduce the potential of soybean, corn and sunflower crops, which have already begun to be harvested. Minor thunderstorms occurred in some areas. In Ukraine, the lack of soil moisture reserves delays the sowing of rapeseed. In the next 10-14 days, heat of 25-30 oC without precipitation is expected, which will not allow to sow rapeseed at the optimal time and will worsen the condition of early crops. In the northern and central regions of Brazil, dry weather prevails with temperatures above 30-35 oC, and precipitation is not expected there for 10-14 days. In the second half of September, the rainy season should begin, but the delay in ...