Things are looking better down in Argentina, but they didn?t get enough rain to make a major impact. On the other hand, Brazil is just about done with planting. Allendale commodity broker Greg McBride provided an update on the latest weather conditions in South America.
McBride said that Brazil is pretty much wrapped up with planting and Argentina is catching up on progress but is still lagging behind.
If the issues in Argentina continue, McBride said to expect support in the U.S. soy markets.
McBride also provided some advice for Iowa producers.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
