Rainfall in Brazil and dry weather in Ukraine and Argentina will put pressure on grain prices in the coming weeks.

Traders have shifted their focus to weather conditions in South America and Australia, as countries in the Northern Hemisphere have almost completed their agricultural activities under favorable conditions. In Ukraine, drier and warmer weather without frost is expected, allowing farmers to finish harvesting late crops and partially sow winter barley. Next week, weather without precipitation is forecast with temperatures above 0°C, but without sunny days. This will slow the drying of soils and corn, which is still unharvested on 25% of the area. The completion of corn and sugar beet harvesting will free up a significant portion of road transport, which will increase grain deliveries to ports and reduce speculative demand and prices on the domestic market. In Brazil, intense rainfall occurred in the central and northern regions over the week, and this cyclone is moving south, where scattered showers are expected over the weekend and early next week, though less intense. Next week, ...