Impact of Rainfall in the US and EU
Heavy rainfall in the Midwest and Central and Southern Plains of the US is causing delays in planting activities but improving moisture reserves and crop conditions. Meanwhile, Canada’s prairies also received rain, replenishing moisture reserves but delaying planting in some areas. However, dry conditions persist in parts of Alberta and western Saskatchewan.
Weather Conditions in Brazil and Argentina
In Brazil’s Rio Grande do Sul, heavy rains have led to flooding and delayed soybean harvesting, potentially resulting in significant crop loss. The rains are expected to continue, further delaying harvest and planting activities. In central regions, second-crop corn harvests are facing dry and hot weather, with sporadic rainfall forecasted.
In Argentina, reduced rainfall intensity has allowed for accelerated soybean harvesting, although corn harvesting remains delayed due to high grain humidity. Frost forecasted for next week is expected to reduce humidity levels, facilitating faster harvesting.
Outlook for Europe and the Black Sea Region
Parts of Europe, particularly the north and west, are expected to experience rainfall in the coming days, spreading to eastern and southern regions next week. Excessive humidity remains a concern in France and Great Britain. Analysts are evaluating the impact of recent frosts on rapeseed crops in northern Poland and Germany, leading to speculative rises in stock market quotations.
In the Black Sea region, dry weather persists in most wheat-growing areas, potentially leading to drought conditions. However, current conditions favor sunflower and corn planting. Rainfall is forecasted for next week, with possible frosts in northern regions.
Weather Forecast for Australia
Short-term rainfall in eastern Australia is favorable for planting winter wheat and rapeseed, except for New South Wales. Overall, the weather has been conducive to sowing activities, with the transition from El Niño to La Niña expected to bring increased precipitation in the coming months.
The global grain markets are poised to face weather-related challenges in the coming week. Factors such as delayed planting, flooding, and dry conditions in key producing regions could impact crop yields and market prices. Stay informed about weather forecasts and their potential effects on grain markets.