With the current government shutdown, the markets are looking for any headlines to react to. There’s definitely a watchful eye on the crop conditions in Brazil and Argentina, but some political meetings may cause more of a shakeup. Allendale commodity broker Greg McBride gave an update on the latest weather conditions in South America.
McBride said planting for both corn and soybeans is underway in Brazil.
Farmers in Argentina just recently started planting corn.
On the political side of things, President Trump recently met with President Lula in Brazil, and the market prices are anxiously waiting to see what comes from the discussions they had.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
