Once again, Argentina is dry while Brazil continues to see fairly favorable weather. While this may not be new news, at least Brazil has been able to mostly wrap up harvest by now. Allendale commodity broker Greg McBride provided an update on the latest weather conditions in South America.
Even though we?re already looking at a record-breaking crop in Brazil, McBride said that StoneX has raised their estimates even higher.
McBride said that Brazil is also looking into raising its ethanol content in gasoline to 30%.
McBride added some advice for Iowa producers.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
