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Russian Grain Embargo News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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It s a weather market, analyst says

iStock: saraTM Changes are occurring in our world, with trade shifts starting to have an impact on grain prices, along with the typical weather we deal with.   Weather forecasts have pushed back to less precip in the next seven days, with below-normal precip now forecast for both Brazil and Argentina. For temperatures, above-normal levels are expected in Argentina, but below normal in Brazil. That will stress crops more in Argentina especially. However, offsetting some of that bullish change over the weekend is an improving precip forecast for the eight- to 14-day in Brazil, with above-normal precip and normal temps forecast for that time period. Will it ever materialize? Often this year, the eight- to 14-day forecast was better, but it never seemed to materialize – at least, not yet. Argentina has a similar eight- to 14-day forecast as in the next seven days, warm and dry. The forecast is actually somewhat supportive to grains. 

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