It may seem far less consequential than the Russia-Ukraine situation, but it?s still important to keep track of the conditions in South America.
There?s been some concern lately that drought conditions in central Brazil might negatively impact their safrinha corn crop. However, Allendale commodity broker Greg McBride said that some forecasted rains should help ease those worries.
McBride also provided a planting and harvest update for Brazil.
Additionally, Brazil will be releasing its monthly CONAB report on Thursday. McBride said we should expect to see some lower numbers, but it?s nothing to get too worked up about.
We should also expect to see these lower numbers in tomorrow?s WASDE report as well. Fortunately, McBride said the worst days are behind us.
McBride added some advice for Iowa producers.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
