Favorable weather in Brazil, Ukraine, and Australia will put pressure on the prices of soybeans, corn, and wheat in the coming weeks.

The main focus of traders is on weather conditions in Australia and Argentina, where the wheat and canola harvest has begun, as well as in central Brazil, where a new record soybean crop is forming. In Australia, dry weather has set in, which favors the harvesting of winter crops: wheat, barley, and canola, as well as the start of cotton and sorghum planting. Production forecasts exceed last year's, so favorable harvesting conditions will allow for good yields. In Argentina, dry weather also persists, allowing the harvesting of a record wheat crop to accelerate, but it hinders soybean planting, although the region is periodically covered by scattered showers. This week, temperatures are expected to rise to 30°C, but at the end of the week, a front will bring small amounts of precipitation and a drop in temperature to the region. Last week, central Brazil received a new portion of heavy rains and strong showers, which improved conditions for the development of soybean and ...