Rainfall in the US, Europe, Argentina and central Brazil and dry conditions in southern Ukraine and the Russian Federation will affect markets in the near future

This week and next, the entire US “corn belt” will experience cool weather with prolonged precipitation and heavy downpours, which will prevent the ripening and drying of corn and soybeans, as well as delay the active start of harvesting, which will support prices. Precipitation will contribute to the accumulation of moisture on the eve of sowing and accelerate the development of already sown winter wheat. The weather in the Canadian prairies over the next 7-10 days will be drier and more favorable for harvesting late crops, so forecasts of good harvests may be confirmed. In southern Brazil , where there has been sufficient rainfall, active sowing of first crop corn and soybeans is underway, while in central Brazil is forecasting isolated rains next week, which will also allow sowing to begin, although the rainy season is due to begin in late September, and then soybeans will be sown en masse. In most of Argentina, sufficient soil moisture reserves have accumulated after rainfall, ...