It’s the dry season in South America, and the forecasts definitely reflect that. Allendale commodity broker Greg McBride said this isn’t a huge problem yet, but they are monitoring the weather.
McBride said harvest progress is behind in Brazil, but it is approaching the final stages.
While it is lagging behind as well, harvest is also very close to completion in Argentina.
Looking ahead, McBride said there are a few major factors that can impact the upcoming planting season for soybeans in South America.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
