North American Grain Harvest Delayed by Heavy Rainfall

The North American region is experiencing heavy rainfall that may slow down the harvest and increase grain moisture. This will delay the arrival of grain to markets, particularly in the US where corn and soybean harvest rates are still higher than last year's.

Over the next week, most of the Midwest and Plains of the US will experience several waves of precipitation, which will negatively affect the ripening and drying of corn and soybeans. However, this rain will reduce the effects of drought in the southwest region and contribute to moisture accumulation before sowing winter crops.

In Canada's prairies, harvest conditions are improving, but the pace is still behind schedule, supporting canola and rapeseed prices. Warm, dry weather has helped speed up operations, but recent rains have worsened wheat quality and increased feed grains.