Accelerated sowing and precipitation forecasts have brought down grain prices

2021-05-11 12:01:54
Machine translation
Accelerated sowing and precipitation forecasts have brought down grain prices

< span style="font-size:14px;">weather remains the main determining factor in the grain and oilseed markets. However, news of a drought in Brazil on second-crop corn crops yesterday offset data on accelerated sowing and forecasts of heavy precipitation during the week in the United States, Canada, Europe and the Black Sea region, which brought down crop prices on world stock exchanges.

 

< span style="font-size:14px;" > in all agricultural regions of the United States (even in the northern and southern countries), good rains took place, which replenished soil moisture reserves and had a positive effect on crops. Over the weekend, it will also rain in the country, which will contribute to sowing.

 

< span style="font-size:14px;" > according to the USDA, as of May 9, 67% of the planned areas were sown with corn (65% last year and 52% on average over 5 years), soybeans – 42% (36% and 22%, respectively), spring wheat – 70% (40% and 51%).

 

< span style="font-size:14px;" > the number of winter wheat crops in good or excellent condition for the week increased by 1% to 49%, although last year it was 53%.

 

< span style="font-size:14px;">heavy rains and thunderstorms that took place in Canada in the regions where canola and spring wheat are grown will speed up sowing.

 

< span style="font-size:14px;" > according to FranceAgriMer monitoring, 89% of the planned areas were sown with corn in France as of May 3 (74% last week and 76% last year on this date).

 

< span style="font-size:14px;">the weather in Ukraine also contributes to the sowing and development of spring and winter crops.

 

< span style = " font-size: 14px;">according to the Ukrainian agro-industrial complex, as of May 6, 8.02 million hectares or 51.6% of the planned 15.51 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 ha (95.5% of the plan),< / span> < / li>
  • < span style="font-size:14px;">spring wheat – 172.2 thousand ha (97.5%),< / span> < / li>
  • < span style="font-size:14px;">corn for grain – 2434.1 thousand hectares (45.7%),< / span> < / li>
  • < span style="font-size:14px;">sunflower – 3181.3 thousand ha (49.7%),< / span> < / li>
  • < span style="font-size:14px;">soy – 254.8 thousand ha (18.2%),< / span>< / li>
  • < span style="font-size:14px;">peas – 226.4 thousand ha (96.2%),< / span> < / li>
  • < span style="font-size:14px;">oats – 185.4 thousand ha (95.5%),< / span>< / li>
  • < span style="font-size:14px;">buckwheat – 19 thousand ha (23.9%),< / span> < / li>
  • < span style="font-size:14px;">millet – 7.3 thousand ha (6.2%),< / span>< / li>
  • < span style="font-size:14px;">sugar beet – 223.1 thousand hectares (98.3%).

 

precipitation over the weekend will pass throughout Ukraine, and an increase in air temperature to 18-20O < /sup>C will allow farmers to accelerate the pace of sowing.

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