Drought in Ukraine, Brazil and parts of Russia may significantly reduce acreage

Published 2024년 9월 2일

Tridge summary

Drought and hot weather conditions are causing concerns for traders in several agricultural areas. In the Black Sea region, including Ukraine and southwest Russia, heat is delaying the sowing of winter crops and damaging early crops. In Brazil, lack of rainfall is delaying soybean planting and reducing sowing area. Wheat crops are also being negatively affected in Brazil's south and in Argentina. Meanwhile, moderate temperatures and periodic rainfall are aiding the growth of soybeans and corn in the Midwest and South and Central Plains of the US. Dry and hot weather is also impacting the harvest potential of late crops in most of Europe. Australia's winter crops are benefiting from periodic showers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Traders’ attention is focused on the weather in Ukraine and southwest Russia, where dry and hot weather is hampering the sowing of winter rapeseed and wheat. In addition, increased heat in central Brazil will not allow for a timely start of soybean planting. In the black sea countries last week, dry and hot weather continued to reduce the potential of the harvest of soybeans, corn and sunseed, which have already begun to harvest. In some areas there were minor thunderstorms. In Ukraine, the lack of soil moisture reserves is delaying the sowing of rapeseed. In the next 10-14 days, the heat is expected to reach 25-30°C without precipitation, which will not allow sowing rapeseed in the optimal time and will worsen the condition of early crops. In the northern and central regions of Brazil, the weather is dry with temperatures above 30-35°C, and no precipitation is expected for 10-14 days. In the second half of September, the rainy season should begin, but the delay in precipitation ...

Source: UkrAgroConsult