Marketers are watching South American weather

Marketers are watching South American weather

A marketing expert is keeping a close eye on South American weather and what it might mean for U.S. commodity prices. 

John Heinberg with Global Farm Marketing tells Brownfield with less soybean yield and corn acres adjusted downward in the last USDA supply and demand report, the South American soybean crop health and potential yield have his attention. “Currently, Brazil and Argentina’s prices down the road are going to be cheaper than where we are at this time frame, so that’s going to be something I’m very concerned about in terms of where we are in the current old crop status.”

Heinberg says like in the past, Brazil could put downward pressure on the corn market.

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