Argentina is going to continue to be as parched as ever, and even Brazil is looking to see a short dry spell. Allendale commodity broker Greg McBride provided an update on the latest weather conditions in South America.
McBride said Brazil?s soybean harvest is proceeding at a normal pace and should wrap up soon.
The U.S. markets have been down lately, largely due to the much lower grain prices from Brazil. McBride said that this is the time of year where we generally see Brazil?s exports roar.
McBride also provided some advice for Iowa producers as they navigate the current ag marketplace.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
