Once again, the weather down in South America is status quo. Allendale commodity broker Greg McBride provided an update on the latest conditions.
Brazil just recently started their second crop corn harvest, and McBride said they are continuing to make solid progress.
Things are very different in Argentina still. In fact, McBride said they?re lowering their soybean production numbers even further.
The fact that Argentina?s crop is terrible has already been factored into the U.S. markets by now, so any further cuts really just feels like they?re kicking them while they?re down.
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.
