Agricultural commodities market research

• Crop seed rape estimates are steadily decreasing due to the heat and drought in central and northern Europe.
• Satellite observation of the second corn crop in Brazil confirms lower yields. The harvest in Mato Grosso is half brought in, she starts in Parana.
• Estimates of corn yields are being revised downwards in the eastern administrative districts of Ukraine. Throughout Ukraine, the grain harvest is 40%.
• The Russian grain harvest is progressing faster than last year; 25% of winter and summer wheat has already been harvested.
• Lingering drought in southern Saskatchewan depresses Canadian wheat and canola yields.
• Favorable cool weather dominates well into the next week in all US corn and soybean regions, where corn is now in the pollination phase and soybeans have flowered and created an above-average number of pods.
• More rain is expected in the US states of Minnesota and perhaps also in northern Iowa; but it remains too dry in the states of Missouri, western Illinois, Kansas and the western Delta.
• In eastern Australia, drought is continuing, cutting wheat and rape seed production further.

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