Argentina is still dealing with crop concerns from the amount of rain they’ve gotten as of late. Even with that rain, though, dryness is still looming over South America. Allendale commodity broker Greg McBride gave an update on the latest weather conditions in Brazil and Argentina.
McBride said harvest and planting progress are both continuing nicely in Brazil.
The Buenos Aires Grain Exchange also continues to move contrary to what the USDA estimates say. McBride said they don’t seem to think their crops will be as strong at the USDA does.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
