Drier weather in Brazil is providing less-than-ideal conditions for the safrinha crop that has been planted so far. Allendale commodity broker Greg McBride gave an update on the latest South American weather patterns.
On the other hand, that dry weather is allowing harvest progress to continue ahead of pace.
Additionally, CONAB seems to be more pessimistic on the Brazilian soybean crop than the USDA, as they made more significant cuts than we saw in the WASDE report.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
