The market is watching an increasingly dry situation in South America.
Kluis Commodities president Al Kluis tells Brownfield up to 30 percent of some of the main corn and soybean areas of central Brazil have turned very dry.
“And that’s the first hint we’ve had of any crop production problems in South America. If that continues, it’s something I’ll be watching very carefully.”
University of Minnesota grain market economist Ed Usset says he’s hearing the same thing.
Continue reading Dry parts of Brazil have attention of the market at Brownfield Ag News.
