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El Nino could impact potential crop yields in Brazil
The long-term demand picture for U.S. grain is raising some concerns, as we won’t have many guarantees once China finishes its purchases of U.S. soybeans. If Brazil ends up having the bumper crop that many analysts are expecting, that could make demand for U.S. grain even weaker. However, Allendale commodity broker Greg McBride said it’s possible that El Nino could cause some damage to the corn crop. The Brazilian soybean crop is also projected to set a new record, but McBride said El Nino...















