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Global agricultural markets are closely monitoring shifting weather patterns across major producing regions, with dry conditions in the United States and anticipated rainfall in central Brazil emerging as the primary drivers for corn and soybean price fluctuations in the coming weeks. In the U.S. Midwest and Plains, a transition to warmer, drier weather follows a week of precipitation, facilitating the final stages of the late-crop harvest without significant losses. Consequently, market analysts anticipate upward revisions in crop forecasts within the upcoming United States Department of Agriculture (USDA) supply and demand report scheduled for Tuesday.
In Brazil, the heavy rainfall observed since September has lacked the geographic coverage and intensity initially projected by meteorologists. While the southern regions received ample moisture, the central agricultural heartland faced rainfall deficits, leaving soil moisture levels inadequate for the critical early stages of soybean development. However, forecasts indicate that atmospheric fronts will bring essential moisture to central Brazil over the next fortnight, potentially stabilizing the outlook for the current season.
Meanwhile, Argentina has benefited from consistent rainfall over the past week, which is expected to continue, bolstering soil moisture ahead of the intensive November soybean planting season. Rising temperatures in the region are also expected to accelerate the development of wheat and corn crops. Across Europe, multiple atmospheric fronts continue to deliver precipitation to southeastern and western territories, creating favorable conditions for winter crop establishment.
In Ukraine, a reduction in rainfall intensity has allowed for faster harvesting operations, though previous heavy rains may lead to localized sunflower crop losses. Some Ukrainian farmers are reportedly considering postponing a portion of the corn harvest until spring due to high moisture content and suppressed market prices. In Australia, dry and favorable weather persists, aiding the maturation of winter wheat, barley, and rapeseed. In China, recent rainfall in the south-central regions has improved soil moisture for winter wheat and rapeseed, while drier conditions in the northern corn and soybean belts remain conducive to completing the harvest campaign.
Source: електронна зернова біржа України