Lack of precipitation worsens the prospects for the harvest of corn in Brazil and spring wheat in the United States

Last week, the weather in the main countries producing cereals and oilseeds contributed to the formation of crops, but in the center of Brazil and on the American plains there was a lack of precipitation and increased drought phenomena.

In Brazil, in the southern regions of corn sowing of the second crop, it rained, and this week meteorologists promise heavy rains. But in the central regions (Mato Grosso) there is a drought, which negatively affects crops.

According to Imea, as of June 17, in the state of Mato Grosso, where 45% of Brazilian corn is grown, grain was harvested on only 1.9% of the area, compared with 8.3% last year on this date.

In the northern plains of the United States, light rains have passed and the heat has subsided, but within a week the temperature will rise again, which will increase the drought against the background of a lack of precipitation.

Heavy downpours and thunderstorms took place on the Southern Plains, which lowered the air temperature. The weather contributes to the development of winter wheat crops, but negatively affects soybean and corn crops.

In the US corn belt, heavy rains took place last week, which improved the condition of soybean and corn crops against the background of high temperatures. During the week, there will be additional rains here.

According to the NASS USDA, as of June 20, the number of spring wheat crops in good or excellent condition decreased immediately by 10% to 27% (75% last year), corn – by 3% to 65% (72% last year), soybeans – by 2% to 60% (70% last year), while winter wheat increased by 1% to 49% compared to 52% last year.

In Ukraine and Russia, weather conditions with moderate precipitation and normal temperatures generally contribute to the development of grain and oilseeds.

This week, markets will monitor the weather in Canada, where there were light rains the other day, but next week the heat without precipitation may worsen the condition of spring wheat and canola crops.