A market analyst says the improved weather in the dry crop growing areas of South America isn’t helping U.S. grain and oilseed prices as the New Year begins.
But Don Roose with U.S. Commodities tells Brownfield the damage has already been done to Brazil’s soybean crop.
“These dry areas have been dry since October. How much damage has been done will be the big question for these future reports. But then, how much does Paraguay, southern Brazil and Argentina make up for it?”
He says soybean harvest has already started in northern Brazil and second crop corn will be planted soon.
