Next week, the main factors influencing the markets will remain the forecasts of heat in Brazil and rains in Argentina

In Argentina, heavy rains will continue next week, favorable for the development of soybean, corn and sunflower crops. Rosario RGE raised its forecast for wheat production by 1 million tons to 14.5 million tons.

In southern Brazil, the intensity of rainfall that has lasted for several months is easing, so farmers will be able to finish sowing soybeans next week, and the high temperatures will accelerate the development of the crops.

In central Brazil, rainfall remains fairly low for the rainy season, with temperatures expected to rise to 30-33 ^° C next week, adding to the stress on pod-forming soybeans. Rains will increase between the middle of next week and the end of January, which will help the development of soybean and first-crop corn crops.

The Midwest and the Central and Southern Plains of the United States are expected to receive brief showers next week that will improve soil moisture and reduce drought conditions in parts of Texas, Oklahoma and Kansas, although temperatures will remain above normal. Recent rains have raised water levels in the Mississippi, which has improved the logistics of shipping grain by barge to ports.

Much of Europe received rain this week, which replenished moisture reserves and improved the condition of winter crops. In general, weather conditions are favorable for plant development.

Tags: Brazil, crop condition, Argentina