Weather-wise, not much has changed since last week. However, Brazil?s rainy season could potentially cause some issues. 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 and production estimates in Brazil.
McBride added that, while it is true that they could see some planting delays due to the rainy season, planting progress is moving along quite nicely.
Of course, our own ag marketplace is still feeling pressure from South American exports. McBride said that Brazil had yet another strong month.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
