Weather in USA a week will facilitate the collection of maize
Traders are closely watching weather conditions that affect the maize harvest in the Northern hemisphere and North in the southern.
the Market is concerned about the slow pace of harvesting in the United States, where as of November 10, threshed only 66% of areas, compared with 85% on average for 5 years. Due to low export demand and a cold front that swept the country this week and arrested the collection, has become a factor supporting prices.
next week in the Midwest USA, especially in the southern and Eastern regions would be dominated by cold weather without precipitation that could damage the crops of soft winter red wheat in the case of small layer of snow. Night frosts will reduce the moisture content of maize that will contribute to the acceleration of harvesting, especially in the States of North Dakota, Michigan and Wisconsin.
In the Northern US plains slight precipitation next week will constrain the harvest of soybeans and corn, and after a week of frosts with snow can cause damage to unharvested crops.
On the Southern plains of frost this week could have a few damaged the winter wheat crop, but the output air will become warmer.
In Brazil for another 7-10 days will go moderate or heavy rains that will contribute to the development of soybeans and corn. According to forecasts, in 2020 the country will gather more than 123 million tons of soybeans.
Good weather in Brazil and Argentina promotes the planting of soybeans and corn. According to the Agency BAGE, corn planted in Argentina 44,3% of the area that is ahead of the pace last year.
In the next 10 days in the Australian areas suffering from drought, no rain forecast, which worsens the prospects of the wheat crop and increases the likelihood of forest fires.
Dry and warm weather in Ukraine and Russia next week will complete the harvesting of late crops, but little precipitation will improve the condition of winter crops, which, because of moisture deficit are somewhat behind in development.
