Favorable weather in major grain exporting countries and forecasts of reduced rainfall in Ukraine will increase pressure on prices in the coming weeks.

Favorable conditions for the completion of the harvest in the Northern Hemisphere and the beginning of the sowing campaign in South America are creating additional pressure on grain and oilseed prices in the coming weeks. In the United States, this week was dominated by warm weather with periodic rainfall, which, although slightly delaying the harvest, improved conditions for sowing and development of winter crops. Dry and warm weather is forecast for the next week, which will allow for the acceleration of soybean harvesting and a record corn harvest without losses. In the southern and central regions of Brazil, seasonal rains have begun, which contribute to the germination of early corn sowing and accelerate soybean planting. Abundant rainfall is forecast for the next 7-10 days, which will support the development of crops and at the same time increase pressure on soybean and corn prices. If favorable weather persists, farmers will implement plans to increase the area of sowing, ...