The U.S. markets are keeping a close eye on the weather in South America in the event that they see some crop issues, but right now the weather is looking to be rainy and supportive of their current crops. Allendale commodity broker Greg McBride gave an update on the upcoming weather in Brazil and Argentina.
The longer-term forecast reiterates the fact that there’s not a huge cause for concern yet.
In the event that they do see some weather issues, though, McBride said that would be beneficial for the U.S. grains.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
