Heavy rainfall in Brazil, dry conditions in Argentina, and favorable weather for winter crops in the USA, India, and China will most significantly affect grain prices in the coming weeks.

Sowing of winter crops in the Northern Hemisphere has concluded under favorable weather conditions, so the main focus will be on overwintering conditions and the amount of precipitation. In South America, the sowing of soybeans and corn has been completed, and now traders are monitoring the amount of precipitation on the crops, which will affect the formation of the harvest. This week, several fronts passed through the Midwest and the Plains of the USA, bringing temperature drops, snowfalls, and heavy rains with bursts of arctic air, which caused concern about the condition of the crops that were insufficiently covered by a layer of snow. The fronts are moving towards Canada, where next week an increase in temperatures above zero and additional precipitation is expected, which will replenish moisture reserves in the winter crops. Heavy rainfall in India has allowed a sharp increase in the areas sown with winter crops, which forms a good potential for a new harvest of wheat and ...