The USDA has confirmed Argentina’s crop production will be affected by drought, but it remains unclear whether Brazil or the United States will fill the demand void on the export market.
Global Commodity Analytics and Consulting President Mike Zuzolo says the U.S. dollar remains strong, while the Brazilian real has been at two-week lows.
“That’s only going to increase the Brazilian’s competitiveness on the world marketplace and related to that is the geopolitical fall out we’ve yet to see due to strained relations between the U.S.
