Rainfall in the US and EU, heat in Brazil and improved weather in Argentina will weigh on grain markets next week

Heavy rains in the Midwest and Central and Southern Plains of the US are delaying planting, but improving moisture reserves and crop condition amid cooler temperatures. In the south-west, the condition of wheat crops is improving, but in some regions, even after recent rains, the moisture deficit remains. Intermittent rain and normal temperatures will help seeding and crop development next week.

Canada's prairies received rain this week, replenishing moisture reserves, though delaying planting. But dry conditions remained in some areas of Alberta and western Saskatchewan. Next week, the amount of precipitation will decrease, which will allow to accelerate sowing.

In Brazil's southern state of Rio Grande do Sul, heavy rains have caused flooding and delayed soybean harvesting, so 1-2 million tons of the crop could be lost. The rains will continue next week and will slow the harvest and planting of winter wheat. In central regions, second-crop corn crops remain under the influence of dry and hot weather, although some areas will experience rain in the coming days.

In Argentina, the decrease in the intensity of the rains allowed to accelerate the harvesting of soybeans, but the harvesting of corn is delayed due to high humidity of the grain. Next week's frost will reduce humidity, which will speed up harvesting.

In the north and west of Europe, rain will pass in the next few days, which will spread to the eastern and southern regions next week. Excessive humidity persists in France and Great Britain. Analysts are assessing the damage caused to rapeseed crops by the recent frosts in northern Poland and Germany, which have already led to a speculative rise in stock market quotations.

In the Black Sea region , in most wheat-growing areas, dry weather persists, which may turn into a drought, although for now it favors the sowing of sunflower and corn. Rains will pass in the region next week, and frosts are possible in the northern regions. In general, cool weather conserves moisture and promotes crop development, but once the soil is seeded, more rainfall is needed.

In the east of Australia, there will be short-term rains, which are favorable for planting winter wheat and rapeseed. The weather was favorable for sowing, with the exception of New South Wales. In the coming months, El Niño will be replaced by La Niña, which will bring more precipitation.