Weather favors harvesting and development of late crops

Moderate temperatures with intermittent rain in major exporting countries this week and forecasts of favorable weather next week reduce the impact of weather factors on world prices. Against the background of stable weather conditions, the market does not expect any significant changes in forecasts in today's supply and demand balances from the USDA.

In the Midwest and the US Plains, the cyclones brought precipitation and mild temperatures that will improve the condition of corn, soybeans and spring wheat crops. Next week, temperatures will rise to 28-30 ^o C, which, against the background of slight precipitation, will facilitate the pouring of corn and soybeans.

Cooler weather with heavy precipitation is expected in the US Northern Plains and Canadian Prairies next week, favorable for spring wheat and canola.

Argentina has finished planting wheat and barley, but the amount of rain is not enough to reduce the drought condition of the crops. Corn is harvested on 81% of the area.

In southern Brazil, rains improve the condition of wheat crops, but delay the harvest of corn, which has been threshed in 64% of the area.

In Europe, the cold rainy weather has been replaced by warm and dry weather, which will promote the development of corn and spring grain crops, as well as speed up the harvesting of winter and spring wheat.

In Ukraine, the weather made it possible to speed up the harvest, which was carried out on 49% of the areas, and minor precipitation contributes to the filling of corn, soybeans, sunflowers and the sowing of winter rapeseed.

In the south-west of the Russian Federation, dry and hot weather has a negative effect on corn and sunflower crops, but in most of the European and Asian territory of the Russian Federation, the weather conditions were satisfactory for harvesting, forming the harvest of late crops and sowing winter crops.

Tropical Storm Hanun caused flooding and damaged 2% of crops, but heavy rains in soybean and corn growing regions will improve crop conditions, and overall the country's weather is favorable for crop formation in all crops.