Favorable weather in the US and lack of precipitation in Canada, Europe, Black Sea region and Australia will affect markets this week

less than needed. More rain is expected this week, but it will not reach the south and east, adding to concerns about the development of wheat and canola crops and speculative pressure on prices. Reduced rainfall in southern Brazil has allowed for the acceleration of the second corn harvest, and dry weather this week will help accelerate work and increase corn supplies to the world market, which will continue to put pressure on feed grain prices. The hot and dry weather of the last two weeks in Europe has helped winter crops dry out and the start of harvest, but has negatively affected late-season crops, especially corn. Starting this weekend, a front will bring rain from the north to the southern regions, where heavy showers will improve the condition of corn, soybeans and sugar beet crops throughout the week. Last week, the Black Sea region, especially in the southwest of the Russian Federation, received isolated rains, which improved the condition of crops on the eve of the ...