The weather forecast in the United States until July 2 predicts warm but humid conditions along the entire corn belt of the USA, as reported by the Midwest Market Solutions hydro meteorological bureau.
According to experts, this weather will cause an "effect close to a greenhouse," which will have a negative impact on corn and soybean crops due to high humidity during the night, leading to the spread of rot diseases.
Experts believe that "unfavorable weather forecasts for crops in the USA are currently having a negative impact on the market amidst potential conflicts between the USA and Iran."
However, the winter wheat plains are expected to have hotter and drier weather, which will facilitate harvesting. Climate conditions will also improve in the American prairies.
Despite the alarming forecasts, global bean cultivation in the current season promises to set a new record. According to projections, thanks to the expansion of planting areas, Brazilian soybean production will reach 169 million tons compared to 154.6 million tons in the previous drought year. According to the data, the USA plans to harvest 118.84 million tons compared to 113.27 million tons in the previous period, while Argentina is expected to put 49 million tons on the market.