Dry weather in the US and increased rainfall in central Brazil will be the main weather factors affecting corn and soybean prices in the coming weeks

In the Midwest and Plains of the US , drier and warmer weather is expected after a week of rainfall, which will help complete the harvest of late crops without losses, so we expect an increase in crop forecasts from the USDA on Tuesday in the next supply and demand report.

Warm and dry weather will return to the US "corn belt" next week, with possible isolated showers, but overall, there will be almost no rain over the next 10 days.

The heavy rainfall that has been falling in Brazil since September has not had the level of coverage or intensity that meteorologists and farmers had expected, as much of the rain fell in the south, while the central regions received less rainfall, leaving the soil moisture levels there insufficient for the initial stage of soybean growth.

It is predicted that over the next two weeks, atmospheric fronts will bring much-needed rain to central Brazil, providing sufficient moisture.

Argentina has seen good rainfall throughout the past week, which is likely to continue this week, increasing soil moisture levels ahead of the busy soybean planting season in November. Rising temperatures will also accelerate the development of wheat and corn crops.

Europe remains under the influence of several atmospheric fronts, which since last week have been bringing precipitation to the southeastern and western regions, which will favorably affect the development of winter crop plantings.

In Ukraine, rainfall intensity decreased last week, allowing for faster harvesting, although heavy rains may result in loss of part of the sunflower crop, and farmers will postpone harvesting of part of the corn until spring due to high moisture content and low prices. However, the condition of winter crops is quite good thanks to the rainfall.

Australia continues to enjoy favorable weather with little rainfall, so the winter wheat, barley and rapeseed crops are in good condition and are maturing.

In recent days, south-central China has received favorable rains, improving soil moisture for winter wheat and rapeseed crops. Additional precipitation is forecast for the weekend. In the northern regions, where corn and soybeans are grown, it was much drier, although some areas may experience brief rains over the weekend, but overall weather conditions are conducive to completing the harvest campaign.