Next week, the main producing countries will have less favorable weather for crop formation
The weather conditions that have been established since last week and will prevail next week will again become the main drivers of prices for cereals and oilseeds. Against the background of climate change, abnormally high temperatures, excessive precipitation or frosts with snow are increasingly observed.
In southern Africa last week frosts reached -6 OhSnow has fallen, while in the northwestern United States and Russia, as well as in Canada, abnormal heat Reigns, associated with the appearance of a "heat dome" that keeps the temperature high for a long time. At the same time, powerful destructive downpours are taking place in Europe.
Traders ' attention is focused on the United States and Canada, where the heat wave reduces the prospects for the canola and spring wheat harvest, whose prices rose sharply due to weather factors.
Last week, the prairies of Canada, especially in the South, were dominated by dry weather with overtime temperatures in the range of 26-30 OhC. next week, the temperature will remain high, and light precipitation will pass only on Thursday and Friday.
On the northern plains of the United States, the heat wave is 36-38 OhC will last until the weekend. On Friday, a front will reach South and North Dakota, bringing rain and lowering temperatures to 30 OhC. However, in a few days the air will warm up again to 32-35 OhC, which will negatively affect the crops of spring wheat, soybeans and corn.
In the US corn belt last week, the heat wave was 30-32 OhC, but at the end of the week there will be heavy rains, which will reduce the temperature and contribute to the development of soybean and corn crops. The western regions of the U.S. corn belt are suffering from a lack of precipitation, while the eastern regions are experiencing excessive rain.
Brazil will be covered by the third wave of frosts in the last month, which can damage winter wheat crops. However, they will not harm corn crops that have already passed the maturity stage. The second-crop corn harvest is accelerating, but overall crop forecasts continue to decline.
In Europe, a week of dry weather allowed to speed up harvesting, but next week it will start raining again, which will negatively affect the yield and quality of grain.
The European rain front will reach Ukraine and northwestern Russia, which will delay harvesting and worsen the quality of wheat, the quality of which in some regions of Ukraine due to prolonged rains in June is already much worse than last year.
In the south of Russia, the heat wave is 35-36 OhC will allow you to complete wheat harvesting, but will negatively affect the development of late crops. In the central regions and the Volga region, the heat wave will continue with light rains.
Eastern regions of China this week were covered by typhoon In-Fa, which will pass to the north-east of the country through the main areas of soybean and corn cultivation, and may damage crops.
