Excessive precipitation in Ukraine and Russia and heat in the United States affect global grain markets

2021-06-14 12:01:36
Machine translation
Excessive precipitation in Ukraine and Russia and heat in the United States affect global grain markets

Heavy downpours that took place last week in the northern and southern plains of the United States reassured traders, but hot weather forecasts for next week again increase concerns about the fate of spring crops.

 

In Ukraine and southern Russia, prolonged precipitation against the background of low temperatures can significantly worsen the quality of wheat of the new crop, although its volume will increase due to excessive reserves of soil moisture.

 

In central Brazil, the lack of precipitation remains, and the promised light rains in the south of the region from next week are unlikely to improve the condition of corn crops. In the state of Mato Grosso, which is the main producer of corn of the second crop, precipitation is absent for more than two months.

 

In the northern and southern plains of the United States next week will be a heat wave of 32-36 OhThere is no precipitation, so in addition to the state of North Dakota, Minnesota and Iowa will also suffer from drought.

 

In the Southern Plains, in the states of South Dakota, Kansas and Nebraska, soil moisture reserves are higher. Winter wheat harvesting is accelerating there, but dry weather will increase dry phenomena on soybean and corn crops.

 

In the south-west of Russia, in the regions where winter wheat is grown, rain will continue for a week, which will increase concerns about the quality of the future crop, since excessive moisture can lead to the development of fungal diseases. At the end of the week, precipitation will stop and the temperature will rise.

 

In Ukraine, heavy rains will continue for another week, which is against the background of temperatures in the range of 22-25 OhC will negatively affect winter barley and wheat crops, especially in the south of the country. For other crops, the weather conditions are quite favorable, but prolonged rains prevent farmers from processing crops from weeds and diseases in time.

 

In Canada, heavy rains last week reduced the dry phenomena that affected some provinces. Light precipitation and rising temperatures are expected next week. The weather promotes the development of spring wheat and canola crops, which reduces pressure on the rapeseed and canola market.

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