Dry and hot weather in key exporting countries leads to an increase in grain prices

2020-08-31 12:10:52
Machine translation
Dry and hot weather in key exporting countries leads to an increase in grain prices

Current August was marked by low rainfall and above normal temperatures in the major exporting countries, however, the main attention is now focused on the USA, Ukraine and Russia, where the lack of rainfall reduces the yield potential of soybean, corn and sunflower.

 

Analysts, who on the background of abundant rain in early summer and good crops predicted record crops, now cut their estimates in anticipation of the September USDA report.

 

Traders expect the heat last week in the major regions of the United States, against the background of low rainfall worsened the condition of crops.

 

Next week in the Midwest USA, which accounts for a large part of soybeans and corn, will be moderate rain in the South and the North, whereas in the Western and Central regions that suffered from drought, the precipitation deficit will further reduce the potential yield.

 

In the South-Western regions of the Southern plains of the U.S. would be dominated by hot and dry weather, whereas in the Central and Eastern regions will be a powerful precipitation in the presence of high temperature that will improve the condition of crops late crops and moist soil before sowing of winter wheat.

 

Dry weather in the Northern Plains will accelerate the harvest of wheat, but will adversely affect the corn crops.

 

In the main agroregion Canada, favorable for the ripening and filling of grain weather with periodic rainfall and low temperatures. In Saskatchewan, suffering from drought, rains. There, as at 24 Aug already threshed 5% of the area of spring wheat and 2% of canola crops are in the country this year will exceed last year's.

 

In the Argentine States of Cordoba and Santa Fe during the week will be moderate rainfall, will reduce stress to the plants after a drought. Snrout analysts forecasts the wheat harvest in the country this season.

 

In the Central part of Brazil next week will dominate dry weather, which would adversely affect sowing of soybean, which should start in mid-September. In the southern regions will be moderate and heavy rainfall.

 

In the black sea region of Ukraine and Russia, another week will remain dry and hot weather, which negatively affect soybeans, corn and sunflower. At the end of the week in Ukraine will be little precipitation, which will reduce the heat to 23-25 28-30 degrees and will improve the moisture supply of the soil before sowing of winter rape.

 

In the Australian regions for the cultivation of wheat are powerful precipitation. Next week in Western Australia, New South Wales and Victoria also the rains, which will improve the condition of crops. Leave analysts forecasts the wheat harvest at a high level.

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