Weather factors still keep grain markets tense
< span style="font-size:14px;">in Brazil, the corn-growing regions still have dry weather that supports corn and wheat prices, while forecasts of prolonged precipitation and cold weather in Ukraine, Russia, Europe and Canada may delay sowing and crop development.
< span style="font-size:14px;" > in the central part of Brazil, where corn of the second crop is grown, hot and dry weather Reigns. During the week, precipitation is not expected in the states of Mato Grosso and Mato Grosso do Sul, and in the state of Paraná at the end of the week there will be light rains. Agricultural experts lowered the forecast of the corn harvest in the country to 95 million tons (including the second crop from 75.1 to 69.6 million tons), while in the May report of the USDA it was reduced to 102 million tons.
< span style="font-size:14px;" > in Argentina, dry weather allows you to speed up the harvesting of soybeans and corn, the pace of which is lower than last year. According to the Rossario Grain Exchange, soybeans were harvested on 65% of the area, and corn - on 35%, while on this date last year 85% and 45% of the area were threshed, respectively. The forecast for the soybean harvest remains at 45 million tons, and corn-at 50 million tons.
< span style="font-size:14px;" > in the Midwest of the United States, the weather is favorable for sowing, and heavy precipitation next week will improve soil moisture, although it will delay sowing.
< span style="font-size:14px;" > in the Southern Plains, the weather with periodic precipitation and normal temperatures contributes to the development of crops, and next week the rains will increase.
< span style="font-size:14px;" > in the Northern Plains, the drought is increasing, no precipitation is forecast during the week, which worsens the prospects for the future harvest.
< span style="font-size:14px;" > the prairies of Canada are dominated by dry and cool weather, which delayed the start of sowing. But starting next week, rising temperatures and increased precipitation will speed up the sowing of spring wheat and canola.
< span style="font-size:14px;" > in Ukraine, cold but without significant precipitation weather allowed to speed up sowing, but next week it will be stopped by prolonged rains and cold weather.
< span style= " font-size: 14px;">as of May 6, 51.6% of the planned areas or 8.03 million hectares were sown with spring cereals, legumes and industrial crops, in particular:< / span> < / p>
- < span style="font-size:14px;">spring barley – 1326.1 thousand hectares or 95.5% of the forecast,< / span> < / li>
- < span style="font-size:14px;">spring wheat – 172.2 thousand ha or 97.5%,< / span> < / li>
- < span style="font-size:14px;">corn for grain – 2434.1 thousand hectares or 45.7%,< / span> < / li>
- < span style="font-size:14px;">peas – 226.4 thousand ha or 96.2%,< / span> < / li>
- < span style="font-size:14px;">sunflower – 3181.3 thousand ha or 49.7%,< / span> < / li>
- < span style="font-size:14px;">soy – 254.8 thousand ha or 18.2%,< / span>< / li>
- < span style="font-size:14px;">sugar beet – 223.1 thousand hectares or 98.3%.
< span style = "font-size:14px;" >in Russia, despite favorable weather conditions for sowing, as of May 13, 43% of the planned areas or 22.2 million hectares were sown with spring crops, compared to 60% or 31.2 million hectares on the same date last year, in particular:< / span> < / p>
- < span style="font-size:14px;">wheat – 4.1 million ha or 32.5% of the forecast,< / span>< / li>
- < span style="font-size:14px;">barley – 4.7 million ha or 61.3%,< / span> < / li>
- < span style="font-size:14px;">corn per grain-1.6 million ha or 56%,< / span> < / li>
- < span style="font-size:14px;">sunflower – 3.7 million ha or 43.6%,< / span> < / li>
- < span style="font-size:14px;">soy-543.1 thousand ha or 17.8%, < / span>< / li>
- < span style="font-size:14px;">spring rapeseed – 415 thousand hectares or 33.4%.
< span style="font-size:14px;" > USDA experts predict good harvests in Ukraine and Russia, even despite the delay in sowing.
