A grain market analyst says a shorter-second corn crop in Brazil might bring more demand and price support for U.S. grain farmers.
Tomm Pfitzenmaier says soybean planting progress is lagging in south-central Brazil, which will affect the second crop corn.
“There’s some dry conditions and overly wet conditions in Brazil. El Nino concerns might affect Argentina again. Throughout the winter, South American weather and planting progress will need to be watched closely.”
Brazil’s soybean planting is 37% complete and the first corn planting in Brazil is 72% complete, ahead of average.
