It?s still a slow time for weather news down in South America. Brazil is looking to get some very nice rains, and you can probably guess what Argentina is like based on our previous conversations. Allendale commodity broker Greg McBride gave an update on the latest weather patterns.
McBride said safrinha planting in Brazil is almost done, so the main focus is on soybean harvest.
With the continuous drought in Argentina, McBride said their crop expectations continue to drop.
McBride added that the Argentina soy dollar has continued to disappoint as well.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
