Favorable weather in the US, Brazil and Ukraine will boost crop prices this week

Scattered rains in the Midwest and central and southern Plains of the United States last week improved soil moisture and helped winter crops develop. The warm weather helped speed up the harvest of soybeans and corn, which are more than 80% threshed (exact data is not available due to the government shutdown). This weather will continue through the end of this week, so farmers will continue to harvest, especially given the forecast for precipitation and temperatures dropping to -2…-5 ° C next week. Canadian farmers have also completed harvesting all crops under favorable weather conditions, and frost and snow will arrive in the region this week. Dry weather in central Brazil last week allowed for an increase in soybean planting (over 40% of the area has already been sown), and this week heavy rainfall is forecast to help seedlings emerge and develop. Several fronts with precipitation will pass across the country in the coming days. Last week , Argentina experienced cool weather ...