The one surprise- if you can even call it that- from the February WASDE report was the cut to some of the production numbers for Brazil and Argentina. At this point, some of the major growing areas have received too much rain. Allendale commodity broker Greg McBride gave an update on the latest weather conditions in South America.
McBride said those rains will continue into the longer-term forecasts as well.
When it comes to crop progress, the corn and soybean crops tell different stories.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
