Favorable weather in the US and rain in Argentina, Ukraine and Europe will be the main factors influencing the markets

Heavy rains that blanketed the Midwest and Plains of the United States this week did not help ripen and dry corn and soybeans, and halted the harvest, although they greatly improved moisture reserves ahead of winter wheat planting.

In the coming week, a sharp increase in temperature to 25-30 ^° C without precipitation is forecast throughout the entire "corn belt" of the USA, which will allow for a sharp increase in soybean and corn harvests and the sowing of winter wheat in favorable conditions.

The Canadian prairies have been dry and favorable for harvesting this week, but operations are lagging behind last season, especially canola. As of September 18, only 42% of the canola area has been threshed in Saskatchewan, 45% in Manitoba as of September 23, and 28% in Alberta as of September 16. Rain is forecast to begin in the prairies on Monday and increase through the end of the week, which could significantly delay the harvest and lead to crop losses.

Weather conditions in Argentina remain very favorable for winter wheat and corn planting, with additional rainfall forecast next week that will improve moisture reserves ahead of soybean planting, which begins in October.

This week, central Brazil received its first good rainfall, allowing the first corn crop to be planted. Meanwhile, southern regions received more rain, helping to improve winter wheat conditions and start active planting of corn and soybeans.

Additional rainfall is forecast for southern Brazil over the next 7-10 days, while the central part will once again experience hot, dry weather, so analysts will be closely monitoring when the rainy season begins in this region, which is crucial for the main soybean crop and the second corn crop.

In the coming days, the front will bring rain to southern Europe, which will replenish moisture reserves before sowing winter crops. Later, the front will spread to the entire territory of Ukraine, which in the first half of the week will bring precipitation to southern and eastern Ukraine, useful for winter crops, which are actually sown in dry soil.

More precipitation will fall again in central and western Ukraine, which will continue to delay the harvest of sunflower and soybeans, and will not allow corn to dry. The delay in harvesting limits supply and supports high prices for sunflower and corn.

Several fronts will pass through the Black Sea region next week, but precipitation in eastern Ukraine and southwestern Russia will be insignificant, so winter crops will develop in dry and unfavorable conditions.

China 's corn and soybean harvests are picking up as dry weather sets in in northeast China and rains continue in central China during the winter wheat and rapeseed planting season. China's Ministry of Agriculture predicts the country will harvest a record grain crop this season and reduce its need for imports.