The weather continues to look favorable for planting season in South America. Allendale commodity broker Greg McBride provided an update on the latest weather patterns for Brazil and Argentina.
McBride also provided an update on planting progress in Brazil.
With their recently harvested corn crop and their upcoming soybean crop, South America is exerting significant harvest pressure on the U.S. markets. McBride talked about the effect that pressure has on U.S. corn and soybean prices.
McBride said it?s also important to keep an eye on the value of the currencies in Brazil and Argentina.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
