Adverse weather in Argentina continues to curb expectations for corn and soybean production.
Market analyst Michael Cordonnier with Soybean and Corn Advisor in Hillsdale, Illinois tells Brownfield heat and dryness are taking a toll.
“It was very hot for a couple of weeks. That has eased off, but there has not been enough rain to replenish the soil moisture. So estimates for both corn and soybeans in Argentina keep going lower on a weekly basis.”
He says conditions have been more favorable in Brazil.
