An ag economist says there are lingering questions about South American crop production.
Brain Basting, with Advance Trading in Bloomington, Illinois, says Argentina’s corn crop is having issues.
“Corn Leaf Hopper is transmitting this corn stunt disease and that’s really hit the corn.” He says, “It doesn’t affect the beans, but it hit the corn bad. They have been expecting anywhere from a 55 to 57-million-ton crop now more folks are saying maybe it might be below 50.”
Basting says that’s still an improvement over last year’s crop.