Soon the weather will favor the harvest and sowing

Traders are closely watching weather conditions in the Northern hemisphere, where it completes the collection, and in the South, where just starting the wheat harvest and continue sowing of soybean and corn.

Dry weather in the corn belt of the USA and Canada in the next 7-14 days will help to intensify the collection of soybeans and corn, and precipitation in Brazil moisten the soil and speed up sowing of soybean. Warm and dry weather in Ukraine and Russia will accelerate the harvest, although it will worsen the condition of winter crops. Minor rainfall in Argentina and Australia will not be able to compensate for the drought the wheat crop damage.

In the Midwest USA weekend rains, but in the next 7-12 days established warm and dry weather. As of 13 October, corn is gathered only 22% of the land, soybeans 26%, compared with an average 5-year rate of 36% and 49%, respectively.

In the North of the corn belt, particularly in the States of North Dakota and Montana precipitation with snow and frost prevent the harvest can damage soybean crops and cause losses of yield of spring wheat, collected in those States with 88% and 93% of the area respectively. In addition, the North Dakota soybean collected 16% of the area, corn – 1%.

At the Southern plains drought conditions in the next 5-7 days will contribute to the collection, but will negatively affect winter wheat crops.

Long-term rainfall in Canada substantially delayed the harvest. On October 15, Saskatchewan threshed 69% areas compared to 88% in average of 5 years, including spring wheat – 66% and canola is 58%. Dry and warm weather in the next 5-7 days will speed up cleaning.

Ukraine and Russia in the next 7-12 days warm weather without precipitation will finish harvesting my winter crops suffer from moisture deficit.

Precipitation in Brazil moisten the soil and speed up sowing of soybean, which is delayed due to the extended drought. At the moment soybeans planted 11% of the target, which is 9% below the corresponding indicator 2018 and 1% - average 5-year level.

the Drought, which continues in Argentina a few months, will reduce wheat yield up to a three-year low. A few showers will replenish soil moisture, however, did not significantly alter the condition of crops.

In the South-East of Australia the weekend rains, but the forecast for wheat production because of drought remains low.