Rains in the US and Canada slightly reduced pressure on grain markets
Heavy rains that took place last week in the northwestern United States and in the prairies of Canada were not too intense, although they lowered the air temperature and reduced stress for spring wheat, soybeans and canola crops, to which exchanges reacted with a drop in quotations. But according to forecasts, in the next 7-10 days there will be no precipitation in these regions, and the heat wave will return to the western United States at 35-38 OhC, which will negatively affect soybean and spring wheat crops.
Heat wave up to 40 OhNext week, it will reach the Northern Plains of the United States, where durum spring wheat is mainly grown, and this year the area under soybeans and corn has also been increased.
In the US corn belt, in particular in the center and East, the weather contributes to the development of soybean and corn crops, and soil moisture reserves are quite high. For 7-10 days there will be dry weather with temperatures over 30 OhC, which will contribute to the completion of early grain harvesting, but will negatively affect corn, which is in the pollination phase.
In the prairies of Canada, uneven rains could not improve the condition of canola and spring wheat crops, as well as significantly reduce the drought, although they lowered the air temperature to 22-25 OhC. next week, the temperature will exceed normal, and there will be no significant precipitation, especially in the province of Saskatchewan. In the provinces of Alberta and Manitoba, precipitation will be higher, but they will not be able to improve the condition of crops, which remains poor.
Heavy rains in Ukraine and southwestern Russia lowered the temperature from 30-38 OhThe condition of corn and sunflower crops has improved, although early grain harvesting has been delayed, which is 2 weeks slower than last year.
Next week dry weather will prevail in Ukraine with temperatures up to 30 OhC, which will have a positive effect on corn, which is in the pollination and crop formation phase. The condition of sunflower and corn crops is quite good, although some fields are damaged by hail and heavy rains.
In the central regions of Russia, the temperature will reach 30 OhC, that the absence of precipitation will negatively affect the condition of sunflower and corn crops, especially in areas with little rain. In the east of Russia, in the areas where spring wheat is grown, it rained, and temperatures decreased, which after the previous drought contributes to the development of crops.
