Weather report(Oct 31st)

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Weather report(Oct 31st)

According to US National Weather Service, colder- than- normal weather across most parts of the U.S. Midwest in the next six to ten days is expected. Cold temperatures in corn growing areas can reduce the quality of the harvest. And showers are expected to be back into the west-central Midwest and north-central Plains by mid week. The rains will slow corn and soybean harvesting a bit. This week we will pay more attention to weather in Brazil, the second largest exporter after the U.S. A good rain impacted central and southern parts of the Brazilian growing area over the weekend and little or no rain in that area over the next seven to eight days will help planting corn and soybean in that area of Brazil. Rains will likely move back into Brazil in next ten days and then keep conditions very good for early growth.

Conclusion: The price for commodity in U.S will increase, whereas the price will decrease in Brazil from the weather point of view..

Qinsheng22:14, 31 October 2011