Dry weather is still causing concerns for some of the crops down in South America. Allendale commodity broker Greg McBride gave an update on the latest conditions for Brazil and Argentina.
At the very least, the dry weather is allowing for harvest to continue at a good pace in Argentina.
McBride said they are making good progress on harvest in Brazil as well.
That dry weather could cause ending stocks in Brazil to get lowered a little bit, which can turn around and be a benefit for the markets here in the U.S.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
