Wheat Last week's rains were good and abundant in some regions but scarce and too late for the wheat crop in others. In the central and northern part of the country, the wheat crop is coming to its end and the rains will not have much effect. In the southern part, the crop still has a long way to go, and the recent precipitation may help yields. Despite the rains, the situation is irreversible and the crop will not exceed 13.5 MMT. On Monday, some places in the south of the wheat belt received frost with temperatures close to 0°C. Although temperatures were milder than forecasted, the market should expect damage in some fields. The rains received last week will help moderate the frost’s impacts, however.
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