The weather is wide open in South America to allow farmers to work with little interference. However, that dryness in Brazil could become problematic once that safrinha corn starts pollinating. Allendale commodity broker Greg McBride provided an update on the latest weather conditions in Brazil and Argentina.
McBride also provided an update on Brazil?s export numbers.
This Friday will bring us the May WASDE report, and, as always, the markets will be waiting with bated breath. McBride said to look for some even bigger numbers from Brazil and potential cuts for Argentina.
McBride also offered some advice for Iowa producers.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
