Favorable rainfall will occur in grain growing regions, which will reduce the impact of weather factors on prices

In the coming days, heavy rains will pass in the main grain exporting countries, which will reduce the impact of weather factors on prices.

In the US Midwest, a cold front will bring heavy rainfall that will slow planting. However, temperatures will rise at the end of next week and planting conditions will improve.

A front of rain and snow is also approaching the Central and Southern Plains of the United States, but precipitation will be minimal in the Southwest region and strong winds will deplete soil moisture reserves.

In Brazil , rains are improving the condition of second-crop corn crops. Next week, the rains will move from the center of the country towards Argentina, which will reduce the moisture deficit in the southern regions. Planting of second-crop maize is almost complete, albeit a little late, so the weather in April and May, when rainfall is traditionally lowest, will be very important.

Rainfall is increasing in Argentina , but it will not improve drought-ravaged soybean and corn crops, although it will stop further declines in crop forecasts. Local exchanges have not changed their estimates of soybean and corn production for two weeks. Harvesting of soybeans is accelerating, and yield indicators confirm the pessimistic forecasts of experts.

Much of Europe is seeing rain, especially in Italy and Spain, where moisture has been scarce in recent months. After a warm start to March, temperatures will drop towards the end of the month, with morning frosts in some places likely to damage early shoots and slow the development of cereal crops.

In the Black Sea region, there will be showers next week, but in Ukraine, low temperatures will slow down the development of winter crops and delay the sowing of spring crops. But in general, the weather will be favorable for cultivation.

The Ministry of Agriculture predicts that due to a significant decrease in the area of sowing, the gross harvest of grain and leguminous crops in 2023 will be 44.3 million tons compared to 53.1 million tons in 2022. At the same time, the area of sowing of sugar beet and oil crops will increase. Thanks to this, the gross harvest of oil crops will grow from 18.2 million tons in 2022 to 19.2 million tons in 2023, in particular, sunflower – up to 11.5 million tons, and rapeseed – up to 3.8 million tons.

Tags: Ukraine, grain, Brazil, EU, Black Sea region, USA, crop condition, Argentina