Forecast hot and dry weather in the U.S. and the long awaited rainfall in Ukraine and Southern Russia

Forecast hot and dry weather in the U.S. and the long awaited rainfall in Ukraine and Southern Russia are the main weather factors that will affect the markets movements next week.

Over the past 10 days in the USA in the major growing regions of corn and soybean weather conditions were generally favorable for the ripening of the harvest.

the Hurricane which swept through the 9 – 10 Aug caused damage to grain silos in Iowa and a little hurt corn crops, but not in the same scale as was stated earlier, however, the hurricane brought heavy rainfall to almost the entire "corn belt" of the United States.

According to weather forecasts for the next 7 – 10 days in the Midwest of the USA is established dry and hot weather, which on the one hand will accelerate the ripening of corn, but may reduce the potential of soybean crops — where the number of previous precipitation was small.

the Main attention will be to the weather in Iowa, where about 80% of the territory suffer from a shortage of rainfall this year and part of the crops suffered from strong hurricane winds.

Next week in the southern plains will also be dry and hot weather with minimal rainfall that will adversely affect the ripening of crops, and increase the moisture deficit in the soil before sowing of winter wheat.

In the Northern plains during the next 7 days will be rain, which will improve the condition of the corn, but will delay the harvest of spring wheat.

In the prairies of Canada weather mainly contributes to the development of crops, variable precipitation with normal temperatures allow to count on a good harvest in key provinces.

across Europe had a good rainfall last week and next week's expected showers and thunderstorms especially in France and Germany, which will improve the condition of late crops, which suffered from the dry weather, and improve soil conditions before sowing of winter rape and wheat.

In the black sea region in Ukraine and southern Russia hot weather without precipitation in the month of August continued to reduce crop prospects for sunflowerseed, soybeans, and corn. In Ukraine this week were a little rain in the West and North of the country, and next week forecast precipitation throughout the country and significant rainfall will not save the dry corn fields in the Central regions, which are the main producers of maize and sunflower.

In Russia, in the Eastern part of the weather was favorable for spring wheat crops after the dry conditions in June and continues to increase the harvest forecasts of wheat to another record. In the southern regions of the black sea region, drought conditions continue to reduce their forecasts sunflower production and moisture deficit accumulated prior to sowing of winter crops.

In Brazil and Argentina for the next week are forecasted precipitation, which will help to improve the condition of wheat crops that suffered from the dry weather the previous week.

In Australia, the weather conditions remain favorable for crops in the next 5-7 days moderate precipitation in Western Australia, New South Wales and Victoria — this increases hopes to receive about 30 million tons of wheat, compared to the poor harvest last year, when there were around 15 million tons. The wheat harvest in Australia will begin in late October.